The number of return users of INJ has hit a record high, with most users selling off their assets. Some investors still view INJ as a valuable investment and are accumulating assets. This has led to a 12% decline in INJ within 24 hours, one of the largest losses in the market. Despite this, chain analysis suggests potential purchase signals that could stabilize or boost the price.📉📈
The return of older users has triggered this decline, but it doesn't necessarily signify the end of INJ. The high number of return users, especially long-term holders and active traders, are known to enter the markets aggressively after previous purchases. This behavior suggests that high conviction holders may be offloading assets during the price drop.👴💼
In contrast, new user activity has drastically decreased, with a mere 512 new participants joining. This indicates that while veteran users are selling, new potential investors view INJ as high risk and are hesitant to invest. Investors in both DEFI and Non-Defi sectors see the price drop as an opportunity to accumulate assets, with a total of $1.36 million in INJ being accumulated.💰🔄
https://altcoin.observer/injective-flamps-12-evaluate-if-you-have-to-buy-inj/
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