#TradersLeague

Based on the provided image and current market data, the INIT token is currently trading at approximately $0.4428. Looking at the daily chart, it shows a significant downtrend from a peak around $1.4477, which was reached sometime before late May 2025. Today, July 2, 2025, INIT has seen a 24-hour low around $0.423 and a high near $0.456, indicating continued volatility.

The token has experienced a notable decline over longer periods, with approximately a -4.20% change over the last 7 days and a -40.36% change over the last 30 days. Its all-time high was $1.44 on May 13, 2025, and it recently touched an all-time low around $0.388 in late June 2025. This suggests that INIT is currently trading close to its historical lows.

Despite the bearish short-term trend, the 24-hour trading volume remains substantial, fluctuating between $26M and $71M across various exchanges like Binance, MEXC, and Bitget, indicating continued interest and liquidity. The project, Initia, focuses on a modular Layer 1 + Layer 2 ecosystem with appchain interoperability, built on Cosmos SDK and Move VM, suggesting underlying technical strengths that could contribute to long-term potential if new catalysts or roadmap updates emerge.