Ninjas,
$INJ is around $5.319 right now, up nearly 8% in the last 24H ๐ฅ
The price move is nice, but a few other things are worth noticing too.
โฑ $1B+ in mortgage records are moving onchain through @PAPLpineapple
โฑ 59.6% of the total INJ supply is now staked
โฑ Recent burns are helping reduce supply
โฑ Around 99.9% of the supply is already unlocked
The chart is looking good too.
Volume is higher than usual, and
$INJ is trading close to the dayโs high.
MACD is improving too, but a fully bullish signal is still yet to be confirmed.
So for me, itโs not just about todayโs green candle.
Itโs the combination of:
โฑ Real RWA activity
โฑ More
$INJ being staked
โฑ Ongoing burns
Thatโs what makes this move interesting to watch.
#INJ |
@Injective