Injective (INJ) price fell 9.34% to $8.28 due to a surge in token deposits to centralized exchanges, signaling increased sell pressure. On-chain data shows heavy wash trading inflating reported volume, with 94.2% of transfers flagged as non-genuine, reducing actual market liquidity and amplifying price impact. Key wallets, including Bybit's hot wallet, hold large positions contributing to the sell-off. Traders should watch for a reversal to net outflows to signal stabilization, but ongoing distribution and high wash trading suggest continued downward pressure in the near term.
Following the reported sell pressure on Injective (INJ), the token is down 7.37% on Pluang as of Oct 22, 2026 09:41 WIB, trading at Rp150.560. Market activity shows a strong selling bias with 77% of orders placed as sell and only 23% as buy. The circulating supply is fully in the market at 100 million tokens, with a market cap of Rp14.94 trillion and a 24-hour trading volume of Rp2.26 trillion, indicating active but pressured trading conditions.
Injective has permanently removed over 7.2 million INJ tokens from circulation through its monthly Community BuyBack program and an earlier burn auction. Participants commit INJ tokens to the buyback events and receive a share of ecosystem revenue be...
Injective and BDACS signed a memorandum of understanding to develop KRW1, a won-backed stablecoin, for settling tokenized real-world assets in Korean won. This partnership aims to provide Korean investors a local currency option for trading tokenized...
In the past week, the World (WLD) token showed the strongest recovery among ranked cryptocurrencies, rebounding 28% from its low. Other notable weekly gainers included Pump.fun and Injective, each recovering around 24-25%. Conversely, StarkNet experi...
Pineapple Financial aims to place records for over 29,000 funded mortgages worth more than $10 billion on the Injective blockchain network. Currently, mortgage records on the network represent loans valued at over $1 billion. While this expansion sho...
On October 21, 2026, Zcash surged 10.84% to $1,266.35, leading the day's top cryptocurrency gainers with a market cap of $21.53 billion. Other large-cap assets like Pyth Network, Worldcoin, Injective, and Akedo also rose between 9.93% and 10.14%, ref...
