$INIT according to analysis the asset continues to reflect a significant imbalance between fully diluted valuation and circulating supply, creating structural sensitivity to liquidity rotations. Recent high volume activity coupled with concentrated unlock events suggests momentum is largely narrative driven, with retail participation absorbing positions created by institutional flows. On chain and market data indicate that prior pump movements were leveraged to facilitate exits by larger holders, leaving the structure vulnerable to renewed downside if absorption slows.

INITUSDT
Διην.
0.1006
-9.53%
This is a market trend observation and analysis. This is not financial advice. Anyone who trades does so at their own risk.