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Injective (INJ) token gains 4.22%, hits record staking peak and burns 25,200 tokens in September buyback

Protocol Fundamentals
08 Sep 2026
Blockonomi
View Source
Bullish
Injective (INJ) token gains 4.22%, hits record staking peak and burns 25,200 tokens in September buyback

Injective (INJ) has risen 4.22% recently, trading between $5.09 and $5.63, supported by strong on-chain activity including a record 58.8 million tokens staked. The September Community Buyback program successfully burned 25,200 INJ tokens, reducing supply and potentially boosting price. Market volume surged 44.18% to $138.55 million, with open interest also rising, signaling growing trader engagement. Technical analysis suggests key support at $5.30, with potential price targets of $6.80 in the medium term and $8.00 longer term if support levels hold.

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