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Initia network paused as $615K in USDC and tokens moved out via Noble during Bitcoin dip.

Market News
11 Nov 2026, 13:45 WIB
Tokenpost
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Neutral
Initia network paused as $615K in USDC and tokens moved out via Noble during Bitcoin dip.

Initia's layer-1 blockchain network paused while about $615,000 worth of assets, mainly USD Coin (USDC), moved out through Noble. USDC made up roughly 98% of the total, with other tokens accounting for the rest. This movement coincided with Bitcoin's price falling below $75,000 on November 10, prompting calls to sell from some investors. Meanwhile, DeFi Development Corp. increased its holdings of Solana (SOL), adding market context to the Initia pause and asset transfers.

Initia's layer-1 network pause and asset movements provide context for cryptocurrency market activity. For readers following major cryptocurrencies on Pluang, as of Nov 11, 2026 18:21 WIB, 8 of 50 major cryptocurrencies rose while 41 fell. Notable movers include UNI at Rp116.973 with a 1-day change of -6.86% and a typical hold time of 66 days, CRV at Rp4.479 down 4.36%, and AVAX at Rp156.618 up 4.35%.

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