ChainCatcher reported that Injective's native token INJ has completed its scheduled unlock process and is now in a state of full circulation.
At the time of reporting, INJ was trading at $34.81, ranking 29th by market capitalization among all cryptocurrencies.
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Key Details About INJ's Unlock Event
- The unlock marks a major milestone for Injective Protocol's tokenomics
- With all tokens now circulating, INJ enters a new phase of price discovery
- This event was closely monitored by traders and long-term holders alike
Understanding Token Unlocks
Token unlocks occur when previously restricted coins become available for trading. These events often:
- Increase market liquidity
- Impact short-term price action
- Represent important project milestones
Projects typically implement vesting schedules to:
- Prevent early team member sell-offs
- Demonstrate long-term commitment
- Gradually increase circulating supply
FAQs About INJ's Status
Q: What percentage of INJ was just unlocked?
A: The exact percentage isn't specified, but the announcement confirms 100% of tokens are now circulating.
Q: How might this affect INJ's price?
A: While unlocks can create selling pressure, full circulation often brings stability as uncertainty decreases.
Q: Where can I track INJ's performance?
A: Major cryptocurrency exchanges and market data platforms provide real-time INJ price information.
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INJ's Market Position
As a top-30 cryptocurrency, INJ demonstrates:
- Strong developer activity
- Growing ecosystem adoption
- Consistent trading volume
The project continues to innovate in the decentralized finance (DeFi) sector with its unique protocol features.
Note: This content represents market information only and should not be considered financial advice. Always conduct your own research before making investment decisions.