$INIT latest update Good position to buying this coin

As of May 17, 2025, Initia (INIT), a modular Layer 1 blockchain utilizing the Cosmos SDK, is trading at approximately $0.978 USD, reflecting a 16% decline over the past 24 hours. The token reached an all-time high of $1.43 on May 13, 2025, and currently holds a market capitalization of around $145 million, with a fully diluted valuation nearing $974 million. 

Notably, a token unlock event is scheduled for May 24, 2025, releasing approximately 2.5 million INIT tokens (0.25% of the total supply), which may influence market dynamics.

Since its launch in April 2025, INIT has been listed on major exchanges such as Binance, KuCoin, and MEXC, experiencing significant volatility and upward momentum. 

Initia aims to support scalable, consumer-friendly decentralized applications, with a focus on gaming, social apps, and AI integration.