🚨
$INIT THE CHAIN THAT STOPPED AND THE PRICE THAT DIDN’T
INIT is up +26.8% today on $162.1M in volume, while the major L1s are barely moving: SOL -0.06% and
$ETH -0.83%.
Look at the detail nobody is noticing:
INIT launched in April 2025 as an L1 for rollups. On October 23, an exploit halted its chain and rollups, with $2.7M in bridged assets, and today the price is rising as if nothing happened.
→ Divergence: SOL -0.06%,
$ETH -0.83%… and INIT +26.8%. The whole L1 sector is flat, while it’s flying solo.
→ Progression: rises → breaks $0.2482 → targets $0.2852.
LONG entry $0.2074 – $0.2183, stop $0.2009, TP1 $0.2482, TP2 $0.2852. If it loses $0.2009, the long is over and it’s time to exit.
As of yesterday, no post-mortem on the exploit had been published, and Upbit had paused deposits. This long is a bet on recovery, not on everything being resolved.
👇 Has INIT put the exploit behind it, or will the scare come back? Let me know in the comments.
#Historia #Initia #Trading