INIT Token Surges 16% After Binance Listing and Airdrop Completion, Hits $214M Trading Volume

Initia (INIT) is currently trading at $0.5617 on Binance, reflecting a 16.41% increase over the past 24 hours from a 24h open of $0.4825, with a 24-hour trading volume of $214.17 million and a circulating supply of 148.75 million tokens. The sharp price rise can be attributed to renewed market interest following the completion of its airdrop (with 93% of tokens claimed by mid-May), increased liquidity from its recent Binance listing, and heightened attention after technical updates and exchange activities, including Bithumb’s temporary suspension for a network upgrade. Despite earlier short-term bearish trends and forecast volatility, the latest surge suggests positive momentum driven by exchange activity and strong trading participation.