Injective Poised For Breakout? Unlock Event Sparks $60 INJ Price Surge Forecasts
Injective (INJ), the native token of the decentralized exchange protocol Injective Protocol, stands poised for a pivotal moment.
On January 21st, a final tranche of 3.66 million INJ tokens will be unlocked, bringing the total circulating supply to a definitive 100 million.
Injective Token Unlock: Market Dynamics Shift This marks the culmination of a phased release schedule outlined in Injective’s token distribution plan, and will see the remaining 16% of token supply flood the market.
Analysts remain divided on the potential impact of this event.
Some anticipate increased selling pressure due to the sudden influx of tokens, potentially leading to a price dip.
Others view the unlock as a positive catalyst for liquidity, making INJ easier to trade and potentially attracting new investors.
🚨 Final Cliff Unlocks Alert 🚨 Mark your calendars for January 21, 2024$INJ will be fully unlocked (100%) Get ready for the massive cliff unlocks.
🪙 3.66 m tokens 💰 132.4 m dollars 🌀 4.35% of cir.
supply Allocations: – Advisors: $12.04 m – Team: $120.37 m$INJ was…