Coinbase Catalyst Drives Injective Price Swing Amid Strong Ecosystem Narrative

Injective's price swung by 3.43 percentage points over the last nine hours following Coinbase's move to native INJ, according to CoinMarketCap.

The clear catalyst for this move was Coinbase's migration from ERC-20 INJ to native INJ and full support for the native asset, which makes it easier for US and institutional users to access Injective's ecosystem.

This integration led to a short-term repricing of Injective, with its price moving from around $5.13 to $5.39 before experiencing profit-taking and technical selling in a slightly weak broader market.

The Injective network has an active fundamental narrative that supports bullish sentiment, including recent launches such as 'Injective Mint' for tokenized real-world assets (RWAs) and an 'AI Agent SDK' to power autonomous financial agents.