🚀 Why Initia Pumped 32.8% in 24h – Gas Fee Cuts & Cross-Chain Boost!
$INIT exploded +32.85% in a single day, riding high on network upgrades, cross-chain integrations, and exchange-driven momentum.
⚙️ The v1.5 "Optimized Gas" upgrade slashed fees by 35%, boosting on-chain activity by 22%. Whale interest rose after Avalanche bridge integration, unlocking fresh liquidity corridors.
📈 Technically, INIT broke above its $0.50 Fibonacci pivot, backed by a 269% volume spike to $129M. RSI remains neutral at 37.46, suggesting more room to run.
🔁 On the tokenomics side, exchange reserves fell as whales accumulated off-chain. Plus, the KuCoin USDT listing added stablecoin pair depth, reducing sell pressure.
🎯 With 535,000 INIT in VIP Stage 6 rewards unlocking July 17, traders are eyeing the $0.512 resistance next.
Will INIT maintain momentum as utility upgrades and incentives stack up?