The Injective (INJ) coin has been on a tear recently, surging over 120% in the last month to reach levels not seen since late 2021. INJ is currently trading around $17, which marks a 2-year high for the altcoin.
This massive price increase has shifted sentiment decidedly bullish on INJ, with the majority of holders now in profit from their positions. According to data, approximately 95% of addresses holding INJ have seen gains as the price continues climbing.
Keypoints
- The Injective (INJ) coin price has reached a 2-year high, surging over 120% in the past month. Currently trading around $17.
- 95% of INJ holders are now in profit as the price continues its bullish run.
- Whale transactions over $40 million in the past 2 weeks indicate increased activity and have helped drive the price up.
- Short liquidations of over $6 million have weakened resistance levels, allowing more buying demand.
- Majority of holders bought below…
