INIT Token Surges 13% After Mainnet Launch, Binance Event, and $2M Rewards Pool Announcement

INITUSDT has experienced a notable 13.30% price increase over the past 24 hours, rising from a 24h open of $0.3713 to $0.4207 on Binance. This bullish momentum is attributed to several recent developments, including INITUSDT’s participation in a Binance event featuring a $2,000,000 rewards pool and a quest with up to $888,888 in BNB rewards, as well as the recent mainnet launch and integrations with XRPL and COTI. Additionally, the 2.5 million INIT team token unlock on August 3 and heightened trading activity have contributed to increased market interest and volatility.

Currently, INITUSDT is trading at $0.4207 with a 24-hour trading volume exceeding $73 million and a market capitalization around $64.58 million. The circulating supply stands at over 161 million INIT coins out of a maximum supply of 1 billion, placing INIT among the top 500 cryptocurrencies by market cap.