Injective (INJ) rose nearly 10% to hit an intraday high of $18.24. The price increase comes as crypto exchange OKX added support for INJ on its spot markets and the community burned over $65,000 worth of INJ. INJ is only 28% below its all-time high of $24.89 reached in April 2021.
Crypto exchange OKX added support for Injective (INJ) on November 30th, opening deposits for INJ/USDT at 6am UTC. The token opened for spot trading at 10am UTC. The Injective team also announced that the community has burned 3,986.52 INJ tokens worth $65,000, which is in addition to the weekly burns that have been held every Wednesday since the mainnet launched in 2021.
Injective’s price is up more than 18% in the last week and 37% in the last month. The price of the layer-1 blockchain’s native token has soared 940% since hitting a new low a year ago. Trading volume increased by 56% in the last 24 hours to more than $128 million.
Image: LorentLabs
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