INJ climbed to an intraday high of $9.37 on Hyperliquid on Oct. 16, setting a new high for the year, according to TradingBeats. The token was up about 30% over the past 24 hours. At the same time, INJ futures open interest on the platform rose to about $12.65 million, up roughly $4.19 million from a day earlier, an increase of around 49.5%.
TradingBeats data also showed that whale address 0x8be0…2326c currently holds a long position of about 246,900 INJ. The position is valued at roughly $2.28 million, with an average entry price of $7.68. The trader is using 5x cross leverage, and the unrealized profit was reported at about $386,000, translating to a position return of around 102%.
The address has been adding to its INJ position since Oct. 11. After INJ moved higher today, the whale trimmed the position slightly, while keeping most of the long exposure in place.
INJ rose to an intraday high of $9.37 on Hyperliquid on Oct. 16, marking a new high for the year, according to TradingBeats. Over the past 24 hours, the token was up about 30%.
At the same time, INJ futures open interest on Hyperliquid increased to about $12.65 million. That was roughly $4.19 million higher than 24 hours earlier, a gain of around 49.5%.
TradingBeats data showed that whale address 0x8be0…2326c is currently holding a long position of about 246,900 INJ, valued at roughly $2.28 million. The average entry price stands at $7.68. The position uses 5x cross leverage, with unrealized profit temporarily reported at about $386,000 and a return of around 102%.
The address has been building its INJ position since Oct. 11. After the token moved higher today, the trader reduced the position slightly but still retained most of the long exposure.
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