- Injectable (INJ) price surged nearly 10%, hitting an intraday high of $18.24.
- These gains came as OKX added support for INJ in the spot market and the community burned over $65,000 of INJ.
- The INJ price is 28% below its all-time high of $24.89 reached in April 2021.
Injectable (INJ) price surged on Thursday as positive catalysts helped bulls break through recent resistance levels. The INJ token reached an intraday high of $18.24 and soared by nearly double digits on the day as buyers pushed the all-time high above $20.
OKX, INJ listing, burn auction continues
OKX added support for Injective (INJ) on November 30th, opening deposits for INJ/USDT at 6:00 AM UTC. The token was opened for spot trading at 10:00 AM UTC.
Injective team too presentation The community burned $65,000 worth of tokens (3,986.52 INJ), adding to the weekly burns that have been conducted every Wednesday since the mainnet launch in 2021. Weekly burns account for 60% of total dApp fees.
3/ Over $65,000 yesterday $INJ It’s burned š„ pic.twitter.com/b59ZKHlx0c
ā Injective š„· (@Injective_) November 30, 2023
Today’s uptrend following the recent burn and the listing of INJ for spot trading on cryptocurrency exchange OKX is expected to push the ATH to $24.89 reached in April 2021. The price is currently off 28%, at $18.06 at the time of this writing.
Injective has surged more than 18% in the past week and 37% in the past month. The price of the layer 1 blockchain’s native token has surged 940% since hitting a low a year ago. Trading volume exceeded $128 million, up 56% in the last 24 hours.