Injective slumps 12% – assessing if you should buy INJ now

INJ has faced a substantial decline of 12% within 24 hours, attributed to a surge in returning users who may be selling their holdings. Active traders and long-term holders have contributed to this selling pressure.

On the other hand, many investors view the price dip as an opportunity, especially with DeFi investors accumulating 520,000 USD worth of INJ, indicating potential bullish trends in the upcoming period.

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