INIT Token Surges 15% Amid Geopolitical Turmoil, $126M Volume Signals Renewed Market Momentum

Initia (INIT) experienced significant price volatility in the past 24 hours, with the price rising 15.12% to $0.5732 (Binance data), reversing a prior downtrend attributed to increased trading activity following reports of Israeli airstrikes on Tehran on June 12–13, 2025, which triggered widespread liquidations and market turbulence across crypto assets. The surge in trading volume ($126.5 million) and price recovery came after INIT had previously declined below key moving averages (MA-7, MA-25, MA-99), reflecting high market sensitivity to geopolitical developments and technical factors. INIT maintains a circulating supply of approximately 148.8 million tokens and a market capitalization near $74 million, with recent exchange activity including a temporary suspension of deposits and withdrawals on Bithumb for a network upgrade and the near completion of its airdrop claim window. Overall, INIT remains an actively traded mid-cap altcoin with heightened volatility and strong market participation amid ongoing external events.