Injective Surges 12% on Meridian Upgrade and Regulated RWA Expansion
The Injective (INJ) token has surged by approximately 12% following the successful upgrade of its Meridian mainnet. This significant price movement is largely attributed to the expanded regulated RWA and tokenized-stocks capabilities brought about by the upgrade.
Binance's support for the network upgrade, halting INJ deposits and withdrawals on September 24, has further increased attention and legitimacy to the event. Traders are also speculating about an ETF-related development that incorporates INJ staking, pulling forward speculative flows into the token.
The tight tokenomics of INJ, with a large share of its supply staked and deflationary tokenomics in place, have amplified the impact of these catalysts. The momentum from the recent 53.95% increase over the last seven days has driven the price higher, with social attention on X further driving the price.