INIT Token Surges 15.89% on Binance as Airdrop Nears and Trading Volume Hits $132 Million

Initia (INIT/USDT) experienced a 15.89% price increase over the past 24 hours on Binance, with the price rising from 0.4763 to 0.5520 and trading volumes exceeding 51 million INIT and 27 million USDT. This sharp upward movement appears to be driven by strong trading activity and renewed market interest, possibly influenced by the nearing completion of the INIT airdrop, which has increased circulating supply and user engagement, as well as anticipation around recent exchange-related events such as the temporary suspension of deposits and withdrawals on Bithumb for a network upgrade. Despite a broader downtrend and previous declines from its all-time high, INIT is currently showing robust liquidity and short-term momentum, with a 24-hour trading volume of approximately $132 million and a circulating supply of about 148.75 million INIT.