{"id":601363,"date":"2024-04-04T16:00:02","date_gmt":"2024-04-04T16:00:02","guid":{"rendered":"https:\/\/uniquehot.com\/?p=601363"},"modified":"2024-04-04T12:08:28","modified_gmt":"2024-04-04T12:08:28","slug":"injective-whales-next-solana","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/injective-news-2\/injective-whales-next-solana\/","title":{"rendered":"Injective Whales Go On $24.8 Million Buying Spree, Is This The Next Solana?"},"content":{"rendered":"<p><a href=\"https:\/\/bitcoinist.com\/xrp-makes-its-way-to-injective-ecosystem-as-iip-238-passes\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">Injective (INJ)<\/span><\/a><span style=\"font-weight: 400\"> may be on the brink of a potential price surge following a recent wave of <\/span><a href=\"https:\/\/bitcoinist.com\/bitcoin-whales-7-billion-shopping-spree-new-ath\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">accumulation by crypto whales<\/span><\/a><span style=\"font-weight: 400\">. This would undoubtedly be a much-needed relief for the INJ token, which has dipped significantly in the last seven days.\u00a0<\/span><\/p>\n<h2>Crypto Whales Buy $24.8 Million Worth Of INJ<\/h2>\n<p><span style=\"font-weight: 400\">Data from the <\/span><a href=\"https:\/\/bitcoinist.com\/why-these-2-altcoins-could-witness-price-bumps\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">market intelligence platform Santiment<\/span><\/a><span style=\"font-weight: 400\"> shows that Whale Addresses recently bought $24.8 million worth of INJ, bringing their total holdings to 10.69 million INJ. This purchase is significant considering the impact that crypto whales have on the market. As such, a purchase of such magnitude could provide a much-needed boost to INJ\u2019s price.\u00a0<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/uniquehot.com\/news\/bitcoin\/investors-buy-the-dip-bitcoin\/\">Crypto Expert Encourages Investors To Buy The Dip As Bitcoin Price Falls To $64,000<\/a><\/div>\n<p><span style=\"font-weight: 400\">Injective, like the broader crypto market, has been on a steady decline over the last week, dropping by over 14% during that period. The crypto token has also suffered a reversal of fortune, as it currently has a <\/span><a href=\"https:\/\/uniquehot.com\/news\/solana-is-not-done-analyst-identifies-bull-flag-that-will-trigger-massive-rally-above-150\/#:~:text=How%20Solana%20Could%20Rise%20To,a%20sustained%20close%20above%20%24106.\"><span style=\"font-weight: 400\">year-to-date (YTD) decline<\/span><\/a><span style=\"font-weight: 400\"> of over 9%. That is shocking for a token that enjoyed a 3000% gain in 2023 and even outperformed <\/span><a href=\"https:\/\/uniquehot.com\/news\/solana\/solana-headed-to-100\/\"><span style=\"font-weight: 400\">Solana (SOL)<\/span><\/a><span style=\"font-weight: 400\">, whose rally was one of last year&#8217;s major talking points.<\/span><\/p>\n<p><span style=\"font-weight: 400\">However, a <\/span><a href=\"https:\/\/bitcoinist.com\/bitcoin-150000-40-correction\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">major correction<\/span><\/a><span style=\"font-weight: 400\"> like this was expected for INJ\u2019s price, which enjoyed a sustained rally last year, suggesting it was possibly overbought at some point. A price decline like this one is necessary for the crypto token to once again establish itself and make another move to the upside.\u00a0<\/span><\/p>\n<h2>Injective Could Follow Solana\u2019s Trajectory<\/h2>\n<p><span style=\"font-weight: 400\">Crypto analyst Crypto Dona <\/span><a href=\"https:\/\/x.com\/CryptoDona7\/status\/36693858?s=20\" rel=\"nofollow\"><span style=\"font-weight: 400\">recently suggested<\/span><\/a><span style=\"font-weight: 400\"> that Injective could follow a similar path to <\/span><a href=\"https:\/\/uniquehot.com\/news\/solana\/solana-sol-breaks-through-key-resistance-analyst-forecasts-250-price-target\/\"><span style=\"font-weight: 400\">SOL\u2019s price action<\/span><\/a><span style=\"font-weight: 400\"> in 2021. Back then, SOL is said to have been stuck between the $20 and $40 price range for more than 100 days. However, just when everyone was about to give up on SOL, it went on a massive run and saw a ten times increase in its price.\u00a0<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/uniquehot.com\/shiba-inu\/shiba-inu-to-rally-100-0-000062\/\">Shiba Inu To Rally 100% To $0.000062? Analyst Reveals Why This Is Possible<\/a><\/div>\n<p><span style=\"font-weight: 400\">The crypto analyst expects something similar to happen with INJ\u2019s price, stating that a 10x might be around the corner. Injective, being an <\/span><a href=\"https:\/\/bitcoinist.com\/top-ai-meme-coins\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">AI (artificial intelligence) coin<\/span><\/a><span style=\"font-weight: 400\">, is also likely to keep attracting much attention heading into the latter stages of this bull run. That could reflect positively on its price since more liquidity will flow into its ecosystem.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">The recent purchase by these <\/span><a href=\"https:\/\/bitcoinist.com\/whales-buy-up-5-stablecoin-supply-what-they-up-to\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">crypto whales<\/span><\/a><span style=\"font-weight: 400\"> also underlines the bullish sentiment toward the crypto token despite its current unimpressive price action. Members of the INJ community have also expressed optimism about the token\u2019s future trajectory, with Crypto Dona, in particular, <\/span><a href=\"https:\/\/x.com\/CryptoDona7\/status\/98039389?s=20\" rel=\"nofollow\"><span style=\"font-weight: 400\">stating<\/span><\/a><span style=\"font-weight: 400\"> that its price is still going to three digits.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">At the time of writing, INJ is trading around $32, down over 5% in the last 24 hours according to <\/span><a href=\"https:\/\/coinmarketcap.com\/currencies\/injective\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">data<\/span><\/a><span style=\"font-weight: 400\"> from CoinMarketCap.\u00a0<\/span><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-medium\" src=\"https:\/\/www.tradingview.com\/x\/aV24MAAc\/\" alt=\"Injective price chart from Tradingview.com\" width=\"3286\" height=\"1530\"><\/p>\n<pre style=\"text-align: center\">INJ price recovers to $33 | Source: <a href=\"http:\/\/Tradingview.com\" rel=\"nofollow\">INJUSDT on Tradingview.com<\/a><\/pre>\n<div class=\"disclaimer-shortcode\">Featured image from Coinfomania, chart from Tradingview.com<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Injective (INJ) may be on the brink of a potential price surge following a recent wave of accumulation by crypto whales. This would undoubtedly be a much-needed relief for the INJ token, which has dipped significantly in the last seven days.\u00a0 Crypto Whales Buy $24.8 Million Worth Of INJ Data from the market intelligence platform Santiment shows that Whale Addresses recently bought $24.8 million worth of INJ, bringing their total holdings to 10.69 million INJ. This purchase is significant considering the impact that crypto whales have on the market. As such, a purchase of such magnitude could provide a much-needed boost to INJ\u2019s price.\u00a0 Related Reading: Crypto Expert Encourages Investors To Buy The Dip As Bitcoin Price Falls To $64,000 Injective, like the broader crypto market, has been on a steady decline over the last week, dropping by over 14% during that period. The crypto token has also suffered a reversal of fortune, as it currently has a year-to-date (YTD) decline of over 9%. That is shocking for a token that enjoyed a 3000% gain in 2023 and even outperformed Solana (SOL), whose rally was one of last year&#8217;s major talking points. However, a major correction like this was expected for INJ\u2019s price, which enjoyed a sustained rally last year, suggesting it was possibly overbought at some point. A price decline like this one is necessary for the crypto token to once again establish itself and make another move to the upside.\u00a0 Injective Could Follow Solana\u2019s Trajectory Crypto analyst Crypto Dona recently suggested that Injective could follow a similar path to SOL\u2019s price action in 2021. Back then, SOL is said to have been stuck between the $20 and $40 price range for more than 100 days. However, just when everyone was about to give up on SOL, it went on a massive run and saw a ten times increase in its price.\u00a0 Related Reading: Shiba Inu To Rally 100% To $0.000062? Analyst Reveals Why This Is Possible The crypto analyst expects something similar to happen with INJ\u2019s price, stating that a 10x might be around the corner. Injective, being an AI (artificial intelligence) coin, is also likely to keep attracting much attention heading into the latter stages of this bull run. That could reflect positively on its price since more liquidity will flow into its ecosystem.\u00a0 The recent purchase by these crypto whales also underlines the bullish sentiment toward the crypto token despite its current unimpressive price action. Members of the INJ community have also expressed optimism about the token\u2019s future trajectory, with Crypto Dona, in particular, stating that its price is still going to three digits.\u00a0 At the time of writing, INJ is trading around $32, down over 5% in the last 24 hours according to data from CoinMarketCap.\u00a0 INJ price recovers to $33 | Source: INJUSDT on Tradingview.com Featured image from Coinfomania, chart from Tradingview.com<\/p>\n","protected":false},"author":594,"featured_media":601383,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[92003],"tags":[83630,91074,86855,88126,91075,90841,88111,86854,12837,89406,83626,89405],"class_list":["post-601363","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-injective-news-2","tag-inj","tag-inj-news","tag-inj-price","tag-injective","tag-injective-news","tag-injective-price","tag-injusd","tag-injusdt","tag-sol","tag-sol-news","tag-solana","tag-solana-news"],"acf":[],"yoast_head":"\n<title>Injective Whales Go On $24.8 Million Buying Spree, Is This The Next Solana?<\/title>\n<meta name=\"description\" content=\"Injective (INJ) may be on the brink of a potential price surge following a recent wave of accumulation by crypto whales.\" \/>\n<meta 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