INIT Token Surges 20% on Binance Amid Anniversary Events and Mainnet Momentum

In the last 24 hours, INITUSDT experienced a significant price increase of 20.47% on Binance, rising from 0.3996 to 0.4814 USDT. This upward movement appears to be driven by heightened trading activity and user engagement related to Binance’s 8th anniversary promotions, including the Warm-Up Sprint and Crypto Meteor Shower events, which incentivize users to trade and stake INIT for rewards. Additional contributing factors include ongoing interest following INIT’s recent mainnet launch, the conclusion of its airdrop claim period, and increased visibility from listings on multiple exchanges.

Currently, INITUSDT is trading at 0.4814 USDT on Binance with a 24-hour trading volume of 26.30 million INIT (11.74 million USDT equivalent). The circulating supply is 148,750,000 INIT out of a total supply of 1 billion, and market capitalization is reported between $59.21 million and $102.28 million. Over the past month, INITUSDT saw a decline of 37.28%, but recent promotional activities and renewed trading interest have contributed to the recent price rebound.