INIT Token Surges 21% Amid Binance’s 8th Anniversary Events and Mainnet Launch Momentum

Initia (INITUSDT) experienced a strong 21.00% price increase over the past 24 hours, rising from 0.3943 to 0.4771 USDT on Binance. This surge is attributed to heightened market activity surrounding Binance’s 8th anniversary campaigns, including the Warm-Up Sprint and Crypto Meteor Shower, which incentivize participation through rewards for INIT holders. Additional bullish sentiment is supported by technical analysis indicating a consolidation phase and potential reversal, as well as increased trading interest following recent exchange listings and the mainnet launch. Current market data shows INITUSDT trading at 0.4771 USDT on Binance with a 24-hour trading volume of 10.08 million INIT (4.06 million USDT), and a circulating supply of 148,750,000 INIT out of a total supply of 1 billion. The asset has shown notable volatility, with recent highs and lows reflecting active trader engagement.