$INJ
Mainnet Milestone: The Injective community officially approved the IIP-619 proposal, triggering a massive mainnet upgrade today.
Price Rally: INJ is trading near $3.32, surging over 13% in the last 24 hours while major assets like BTC and ETH remain in the red.
Enhanced Architecture: The upgrade specifically targets Injective’s real-time EVM architecture, significantly scaling its capacity for next-gen global payments.
Token Burn: A scheduled Community BuyBack and Burn event occurred on Feb 19, further tightening the token’s deflationary supply.
Institutional Adoption: Pineapple Financial recently finalized a $2M acquisition of INJ, migrating its mortgage data to the Injective blockchain.
ETF Progress: Markets are closely watching Canary Capital’s amended S-1 filing for a staked INJ ETF, a major potential institutional catalyst for 2026.
Technical Outlook: Analysts see a bullish breakout if INJ closes above the $3.66 resistance, with mid-term targets set as high as $6.20.
