$INIT

📈 Current Performance of INIT on Binance

• Current Price: about $0.7360 for INIT/USDC and $0.7333 for INIT/USDT.

• Daily Change: approximately -3.5% in the last 24 hours.

• Trading Volume (24h): over $100 million, indicating significant activity.

• Market Capitalization: about $107 million, with a circulating supply of 148.75 million INIT.

• All-Time High: reached on May 13, 2025, at $1.44, currently down about 50% from that peak.   

📉 Recent Trends

After an initial post-listing spike, the price of INIT has shown a downward trend, with a loss of about 26% in the last week. Some community users have expressed concerns regarding the token's performance, suggesting the possibility of a future delisting.  

🔍 Final Considerations

INIT is an emerging project in the Layer 1 and Layer 2 blockchain sector, aiming to unify appchains through an interconnected infrastructure. However, its recent volatility and concerns raised by the community indicate that investors should proceed with caution.