Upbit halts Initia (INIT) trading and suspends deposits amid 13% price drop

Upbit has placed the cryptocurrency Initia (INIT) on its trading warning list and paused deposits and withdrawals for the token as of October 26. On the same day, INIT's price dropped 13.17% within 24 hours, trading at 0.13 USDT. This move signals caution for investors, indicating potential risks or issues with the token. The pause in services may affect liquidity and trading activity for INIT going forward.

Initia (INIT) trades at Rp2.533 on Pluang as of Oct 26, 2026 12:21 WIB, down 11.24% in one day. The token's market cap is Rp552,52M with a 24-hour volume of Rp220,82M. Buy orders dominate at 68%, and typical hold time is 19 days, showing active interest despite recent warnings.