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Injective burns 7.2M INJ, launches Stockdrop and privacy platform CypherOS, plus Robinhood adds INJ trading.

Protocol Fundamentals
04 Oct 2026
Blockonomi
View Source
Bullish
Injective burns 7.2M INJ, launches Stockdrop and privacy platform CypherOS, plus Robinhood adds INJ trading.

Injective completed its Community BuyBack by burning over 7.2 million INJ tokens and launched the first Stockdrop, allowing users to claim tokenized stock rewards. The privacy platform CypherOS debuted, enabling confidential trades and tokenization on Injective's network. Additionally, Canary Capital filed for a Staked INJ ETF that will stake at least 90% of holdings, while Robinhood now supports native INJ trading and transfers without needing a bridge. These developments enhance Injective's ecosystem and institutional access, with ongoing growth in network activity and partnerships.

Injective's recent token burn and ecosystem upgrades come as INJ trades at Rp133.000 on Pluang. The token has seen a 2.31% decline in the past day with a market cap of Rp13,28 trillion. These figures are current as of Oct 05, 2026 03:02 WIB.

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