INIT Token Surges 20.77% on Binance Amid $2M Rewards Pool and Anniversary Event Momentum

Initia (INIT) has experienced a notable price increase in the last 24 hours, with its INITUSDT pair on Binance rising 20.77% to $0.4815 from a 24-hour open of $0.3987. This surge can be attributed to heightened market interest following the announcement of Initia’s participation in the Binance 8th anniversary event, which features a $2,000,000 rewards pool and BNB prize quests, as well as a preparatory sprint campaign offering INIT token incentives. Additionally, recent listings on major exchanges and increased trading activity have contributed to bullish momentum, as reflected by strong buyer interest and higher trading volumes.

Currently, INITUSDT is trading at $0.4815 on Binance, with a 24-hour trading volume exceeding $91 million and a circulating supply of 148,750,000 INIT. Despite recent weekly and monthly declines, the asset has shown significant short-term volatility and upward movement, supported by positive sentiment and increased participation in promotional events.