{"id":38393,"date":"2024-09-25T12:54:39","date_gmt":"2024-09-25T12:54:39","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/whale-dumps-3-million-worth-of-inj-and-buys-ldo\/"},"modified":"2024-09-25T12:54:39","modified_gmt":"2024-09-25T12:54:39","slug":"whale-dumps-3-million-worth-of-inj-and-buys-ldo","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/whale-dumps-3-million-worth-of-inj-and-buys-ldo\/","title":{"rendered":"Whale dumps $3 million worth of INJ and buys LDO"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"post-article-image  -mt-24  mb-8  lg:-mt-32  rounded  overflow-hidden\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2020\/12\/04_Whale-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2020\/12\/04_Whale-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2020\/12\/04_Whale-smartcrop-750x375.jpg\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2020\/12\/04_Whale-smartcrop-363x181.jpg\" type=\"image\/jpeg\"\/>\n<\/picture>                    <\/div>\n<ul>\n<li>The whale sold over 150k Injective (INJ) tokens worth over $3.29 million.<\/li>\n<li>According to Lookonchain, the whale acquired 2.44 million Lido DAO (LDO) worth over $3.05 million.<\/li>\n<li>INJ price dipped slightly while LDO rose<\/li>\n<\/ul>\n<p>A whale has sold a significant amount of Injective (INJ) and bought more Lido DAO (LDO) tokens.<\/p>\n<p>On Wednesday, Sept. 25, Lookonchain <a href=\"https:\/\/twitter.com\/lookonchain\/status\/1838866636046213480\" target=\"_blank\" rel=\"noopener\">shared<\/a> on-chain details that showed the whale dumped 150,428 INJ valued at $3.29 million. The whale swapped the INJ for 2.44 million LDO valued at more than $3.05 million.<\/p>\n<p>Per Lookonchain, the whale sold their INJ for LDO via crypto liquidity provider Cumberland.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">A whale sold 150,428 <a href=\"https:\/\/twitter.com\/search?q=%24INJ&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$INJ<\/a>($3.29M) and bought 2.44M <a href=\"https:\/\/twitter.com\/search?q=%24LDO&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$LDO<\/a>($3.05M) via <a href=\"https:\/\/twitter.com\/hashtag\/Cumberland?src=hash&amp;ref_src=twsrc%5Etfw\">#Cumberland<\/a> in the past 30 hours.<a href=\"https:\/\/t.co\/4L8vFWcIng\">https:\/\/t.co\/4L8vFWcIng<\/a> <a href=\"https:\/\/t.co\/ESXmWIGoFJ\">pic.twitter.com\/ESXmWIGoFJ<\/a><\/p>\n<p>\u2014 Lookonchain (@lookonchain) <a href=\"https:\/\/twitter.com\/lookonchain\/status\/1838866636046213480?ref_src=twsrc%5Etfw\">September 25, 2024<\/a><\/p>\n<\/blockquote>\n<h2>Injective price<\/h2>\n<p><a href=\"https:\/\/coinjournal.net\/injective\/\">Injective (INJ)<\/a> is layer 1 blockchain decentralized finance applications. The Binance and Mark Cuban-backed interoperable L1 blockchain currently ranks as the 49th largest cryptocurrency by market at $2.1 billion.<\/p>\n<p>The price of Injective\u2019s native token fell 3% to trade near $21.24. INJ trading lower also saw weekly gains shrink to around 14%, while Injective is now down 1.4% in the past month. Notably, INJ reached highs of $22.70 on Tuesday, hitting the resistance level seen on August 24.<\/p>\n<p>INJ price however reached $52.62 on March 14, 2024 and its currently positioned nearly 59% off that level.<\/p>\n<h2>Lido DAO price<\/h2>\n<p>With the LDO purchase, the whale\u2019s showing their bullish projection for Lido. Growth for the decentralized finance platform \u2013 a market leader in Ethereum staking \u2013 may be among catalyst.<\/p>\n<p>The <a href=\"https:\/\/coinjournal.net\/lido-dao\/\">Lido DAO price<\/a> was up 2.6% in the past 24 hours to change hands at highs of $1.29 earlier in the day. LDO is among the top gaining tokens with +29.7%\u00a0 this past week.<\/p>\n<p>LDO price was at $1.26 at the time of writing.<\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/><a href=\"https:\/\/coinjournal.net\/news\/whale-dumps-3-million-worth-of-inj-and-buys-ldo\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison ) The whale sold over 150k Injective (INJ) tokens worth over $3.29 million. According to Lookonchain, the whale acquired 2.44 million Lido DAO (LDO) worth over $3.05 million. INJ price dipped slightly while LDO rose A whale has sold a significant amount [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":38394,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/38393"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=38393"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/38393\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/38394"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=38393"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=38393"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=38393"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}