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- Injective ($INJ) price surged by nearly 10% as it hit an intraday high of $18.24.
- The gains came as OKX added support for $INJ on its spot markets and the community burned more than $65k worth of $INJ.
- $INJ price is just 28% off its all-time high of $24.89 reached in April 2021.
Injective ($INJ) price surged on Thursday as positive catalysts helped bulls break above recent resistance levels. The $INJ token reached intraday highs of $18.24, soaring nearly double digits on the day as buyers pushed for the all-time high above $20.
OKX lists $INJ, burn auction continues
OKX added support for Injective ($INJ) on November 30, opening deposits for $INJ/USDT at 6 am UTC. The token opened for spot trading at 10 am UTC.
The Injective team also announced that the community burned $65,000 worth of tokens (3,986.52 $INJ), adding to the weekly burns that have been carried out every Wednesday since mainnet launch in 2021. The weekly burn accounts for 60% of all dApps fees.
3/ Yesterday, over $65,000 worth of $INJ was burned 🔥 pic.twitter.com/b59ZKHlx0c
— Injective 🥷 (@Injective_) November 30, 2023
With today’s gains, which came after the latest burn action and listing of $INJ for spot trading by crypto exchange OKX, its likely further upside could bring the ATH of $24.89 reached in April 2021 into view. That price is now just 28% away, going by the price of $18.06 at the time of writing.
Injective has soared more than 18% in the past week and 37% over the past month. The price of the layer-1 blockchain’s native token has skyrocketed 940% since hitting new lows a year ago. Trading volume rose 56% in the past 24 hours to over $128 million.
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