INJ Falls 9.34% to $8.28 as Token Inflows to Exchanges Accelerate
- —Net CEX inflow was 2,878 INJ on Oct 21 and another 318 on Oct 22
- —Oct 14 saw 5,180 INJ deposited against just 85 withdrawn
- —94.2% of the $132.61M volume flagged as wash trading; real volume ~$83.5M
- —Largest identifiable position is 22,900 INJ on the Bybit hot wallet
Why it matters: Sustained exchange inflows and thin organic liquidity amplify sell pressure; a credible reversal needs two to three sessions of net outflows.
Source: Coincu