Crypto
Injective's INJ Token Drops Amid Broader Risk-Off Market Conditions
Injective's INJ token dropped by 4.59% over the last 24 hours, driven by market positioning and a broader risk-off environment.
No specific negative events such as hacks or adverse announcements triggered the decline.
Derivatives traders were leaning short, with negative funding and rising open interest amplifying the move.
The total crypto market cap slipped 0.28%, while INJ's drop was about 4.31 percentage points worse.