Injective hits 3 billion transactions as whale activity surges
Injective (INJ)
Editor:
Eugene Serbin
Lookonchain.com reports that Injective has surpassed 3 billion cumulative transactions, outperforming major blockchains like Avalanche and Algorand. Over the past 30 days, the network added more than 42 million new transactions to this total. In other market movements, Strategy executed an internal transfer of 3,568 BTC at Fidelity Custody rather than selling.
Bitget’s BTC Protection Fund experienced an outflow of 3,215.28 BTC, leaving approximately 2,285 BTC on-chain. An Ethereum OG whale sold 1,000 ETH for $2.68 million, realizing an $8.8 million profit on 3,000 ETH originally bought at $18.8. Samsung announced plans to invest $1 billion in Helix, an AI infrastructure company backed by KKR.
A dormant $PEPE whale transferred all 2.1 trillion tokens, worth $52 million, to a new address after 600 days. Elon Musk’s tweet about Moltbook caused the meme coin MOLT to surge 30% to a new all-time high of $114 million. Additionally, a smart AI coin trader made $17.6 million across $GOAT, $ai16z, $Fartcoin, and $arc. A sniper earned 2,277 ETH, valued at $8.3 million, trading $SHIRO within just 18 hours.
How the market reacted
Whalio's own Binance spot order flow for INJ, measured when this story was written up on 29 September 2026. Not the outlet's figures.
Injective is trading at $7.42 with a 1-hour buy ratio of 54.3% and a 4-hour buy ratio of 71.2%, indicating strong short-term buying pressure compared to the 50.5% ratio over 24 hours. The volume delta shows +$43,094 in the last hour and +$725,403 over four hours, suggesting that immediate buying volume is accelerating relative to the +$127,508 recorded over the full day. This positive volume delta means that buy orders are currently outweighing sell orders in the spot market. The 24-hour spot volume reached $14,115,365 across 248,103 trades, with net buying occurring in 11 of the last 24 hours. The higher buy ratios on shorter timeframes imply that recent trades are favoring buyers more than the daily average suggests.
The latest daily buy ratio of 53.4% sits at the 91st percentile of the last 322 days, against a median of 49.8% - among the strongest buying days it has had.
Was that an ordinary day?
The same Binance spot measurements for INJ, averaged over the days leading up to the story.
Over the preceding week, the average buy ratio was 49.7%, making today’s 24-hour ratio of 50.5% slightly above the weekly norm by 0.7 points. However, the 24-hour volume was only 0.75x the weekly average, indicating that trading activity is currently subdued compared to recent trends. While the weekly volume delta was negative at -$853,945, today’s positive short-term deltas show a temporary shift toward net buying. Only 3 of the last 7 days saw net buying, suggesting that this recent uptick is a deviation from a generally mixed weekly trend. This represents an ordinary day for volume but an unusual day for the slight positive bias in the buy ratio.