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Injective's INJ token hits $9.37, up 30% in 24 hours with strong open interest growth.

Market News
16 Oct 2026
Tokenpost
View Source
Bullish
Injective's INJ token hits $9.37, up 30% in 24 hours with strong open interest growth.

Injective's INJ token surged to $9.37 on October 16, marking its highest price this year with a 30% gain in 24 hours. Open interest in INJ contracts on Hyperliquid increased by nearly $4.19 million to about $12.65 million, a 49.5% rise, indicating strong trading activity. A notable wallet holding 246,900 INJ used five-times cross margin and realized a 102% unrealized profit, showing significant investor confidence. This momentum suggests growing interest and potential further price movement in INJ tokens.

Injective (INJ) is trading at Rp160,460 on Pluang with a 15.18% gain as of Oct 16, 2026 22:31 WIB, showing strong momentum consistent with the article's report of a price surge. The token's market cap stands at Rp16.42 trillion, while 24-hour trading volume reaches Rp5.84 trillion, indicating active investor participation. Despite the article highlighting a 30% rise in USD terms, Pluang data confirms robust interest in INJ within the Indonesian market context.

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