What could affect the price of INJ?
Injective's price is caught between factors that reduce supply and broader market challenges.
- Mainnet Upgrade Coming Soon – The Altria upgrade, just 5 days away, could boost developer activity.
- ETF Approval Could Help – 21Shares has filed with the SEC for an ETF that might bring in institutional investors.
- Supply Reduction in Play – The community has burned 6.78 million INJ tokens (about 9% of circulating supply) since October through buybacks.
Deep Dive
1. Protocol Upgrade Momentum (Positive for Price)
Overview: The Altria Mainnet Upgrade (IIP 583), launching November 13, will add Ethereum Virtual Machine (EVM) compatibility and WASM smart contracts. This means Ethereum developers can more easily build decentralized apps (dApps) on Injective with little extra coding. This upgrade follows Pineapple Financial’s $100 million INJ treasury purchase and a 12.75% staking yield program.
What this means: If the upgrade goes smoothly, it could speed up growth in the Injective ecosystem. INJ already has the highest number of developers among Layer 1 blockchains (Coinpedia). Past upgrades, like the March 2024 Peggy Bridge update, saw price jumps between 18% and 34%.
2. ETF Regulatory Gateway (Uncertain Impact)
Overview: 21Shares filed for a staked INJ ETF in October 2025, which is now under SEC review. Cboe has a similar filing. If approved, this could bring institutional money similar to what Bitcoin ETFs attracted. However, SEC Chair Gary Gensler recently said altcoin ETFs might be "premature."
What this means: Approval could lead to a price surge like Bitcoin’s 47% jump after its ETF listing in 2024. But if rejected, it could cause selloffs. INJ’s 8% price drop after Bithumb paused its November 11 upgrade shows how sensitive the token is to liquidity changes.
3. Deflationary Tokenomics (Positive for Price)
Overview: Since October, the Community Buyback Program has burned 6.78 million INJ tokens (worth about $50 million), funded by 60% of protocol fees. At the same time, 57 million INJ tokens (57% of supply) are staked, earning 12.75% annual yield, which reduces the number of tokens available for trading.
What this means: From August onward, INJ’s circulating supply dropped by 9%, while the price fell 47%. This suggests investors are accumulating tokens despite the price drop. After burns in 2024, the price has rebounded an average of 23% over 92 days (Injective Blog).
Conclusion
INJ’s future depends on successfully rolling out its technology during a cautious market phase (Crypto Market Cap Index at 25/100). The upcoming Altria upgrade and ETF decision offer potential for significant gains, but overall market risks remain. The total crypto market cap is down 17% over the past month, sitting at $3.43 trillion. Will INJ’s move into Real World Assets (RWA) attract investors moving away from riskier tokens? Watch the $6.50 support level closely—if it breaks, the long-term price base could be at risk.
What are people saying about INJ?
The Injective (INJ) community is currently balancing excitement about potential growth with some caution. Here’s what’s trending right now:
- ETF filings are boosting hopes among big investors
- Technical analysts are eyeing price targets between $15 and $30
- Upcoming token burns are creating expectations of reduced supply and higher value
Deep Dive
1. @MrMinNin: Growing Momentum for INJ ETF
“21Shares has filed for a U.S. ETF based on INJ – if approved, it could put INJ in the same league as Bitcoin and Ethereum ETFs.”
– @MrMinNin (3.3K followers · 2.4K impressions · 2025-10-22 19:03 UTC)
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What this means: This is a positive sign for INJ. Approval of an ETF would likely attract large institutional investors, similar to what happened with Bitcoin’s spot ETF in 2024.
2. @WorldOfCharts1: Technical Analysts Eye $35 Breakout
“If INJ can break through the $15 resistance level, it could trigger a sharp upward move toward $35.”
– @WorldOfCharts1 (47.7K followers · 8.4K impressions · 2025-09-09 08:19 UTC)
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What this means: The outlook is cautiously optimistic. The price needs to hold above $13.20, which has been tested multiple times recently, to maintain upward momentum.
3. @kylobtc: Upcoming Token Burn Could Reduce Supply
“Another INJ token burn is coming – this usage-driven deflation could reduce supply and increase scarcity.”
– @kylobtc (38.3K followers · 2.7K impressions · 2025-09-21 04:00 UTC)
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What this means: This is a bullish signal. Past burns have removed about 6.78 million INJ tokens, which is roughly 7% of the circulating supply. New burns could further tighten supply and potentially boost value.
Conclusion
Overall, sentiment around Injective (INJ) is cautiously optimistic. The potential approval of an ETF could bring significant institutional investment, but broader market challenges remain, with the global crypto market cap down nearly 17.5% over the past month. Technical indicators suggest upside if INJ breaks above $15, but keep an eye on the Altcoin Season Index (currently at 27/100). A sustained rise above 50 would indicate a more favorable market environment for riskier assets like INJ. Key upcoming events to watch include the SEC’s decision on Canary Capital’s staked ETF expected in early 2026 and the results of October’s token burn, both of which could significantly impact INJ’s outlook.
What is the latest news about INJ?
Injective is moving forward with important upgrades and growing interest from institutions, while holding steady near a key support level. Here’s the latest update:
- Altria Mainnet Upgrade in 5 Days (November 8, 2025) – A major network update that will improve decentralized finance (DeFi) features.
- Bithumb Pauses INJ Transfers (November 7, 2025) – The exchange temporarily stops deposits and withdrawals ahead of the upgrade.
- Launch of No-Code Platform iBuild (November 5, 2025) – Makes it easier for anyone to create Web3 apps without coding skills.
Deep Dive
1. Altria Mainnet Upgrade in 5 Days (November 8, 2025)
Overview:
Injective’s Altria Mainnet Upgrade (IIP 583) is scheduled for November 13, 2025. This update will introduce features like MEV-resistant transaction ordering (which helps prevent unfair trading advantages), combined liquidity across different blockchains, and better gas efficiency (meaning lower transaction costs). Developers are excited about faster block times—under half a second—and less price slippage for large trades.
What this means:
This upgrade is a positive sign for INJ because it makes the network more attractive for professional traders and institutions, potentially bringing in more investment. However, there could be some short-term price swings if technical issues arise or if adoption takes time after the upgrade. (Coinpedia)
2. Bithumb Pauses INJ Transfers (November 7, 2025)
Overview:
South Korea’s Bithumb exchange will stop INJ deposits and withdrawals starting November 11, 2025, to prepare for the Altria upgrade. Trading will still be available, but this pause might temporarily reduce liquidity and limit arbitrage opportunities.
What this means:
This is somewhat negative in the short term because it could discourage retail traders from participating. Still, once transfers resume smoothly after the upgrade, it could boost confidence in Injective’s partnerships with exchanges. (CoinMarketCap)
3. Launch of No-Code Platform iBuild (November 5, 2025)
Overview:
Injective’s new platform, iBuild, lets users create DeFi applications using simple text prompts—no coding required. It uses MultiVM technology to work across different blockchains. Early users have quickly launched projects like prediction markets and lending platforms, according to Bitcoin.com News.
What this means:
This development is promising for the long term because it lowers the barrier to entry for developers, which could lead to faster growth of the Injective ecosystem. Key metrics to watch include total value locked (TVL) and the number of active decentralized apps (dApps) after launch. (Bitcoin.com)
Conclusion
Injective is balancing technical progress (with the Altria upgrade and iBuild platform) alongside growing institutional interest (such as ETF filings and Pineapple’s $100 million treasury investment). While the temporary pause on exchanges like Bithumb may cause some short-term challenges, the focus on scalable DeFi infrastructure positions INJ well for increased demand if the market stabilizes. The big question: will the Altria upgrade’s faster transaction speeds help INJ break above the $9 resistance level?
What is expected in the development of INJ?
Injective’s roadmap is centered on growing its decentralized finance (DeFi) infrastructure and increasing adoption by institutional investors. Key upcoming milestones include:
- EVM Mainnet Launch (Q4 2025) – Full compatibility with Ethereum to attract more developers.
- INJ ETF Approval (Pending) – Awaiting SEC decision on a staked INJ exchange-traded fund (ETF).
- iBuild AI Platform (2025) – A no-code tool that lets users create decentralized apps (dApps) using simple language commands.
- Monthly Community Burns (Ongoing) – Regular token burns to reduce supply and potentially increase value.
- Pre-IPO Market Expansion (Q4 2025) – Adding more private companies to its on-chain derivatives market.
Deep Dive
1. EVM Mainnet Launch (Q4 2025)
Overview: The upcoming Ethernia upgrade will make Injective fully compatible with the Ethereum Virtual Machine (EVM). This means developers who build apps on Ethereum can now easily deploy their projects on Injective. It also combines the strengths of Cosmos-based technology (CosmWasm) with Ethereum’s ecosystem, allowing assets and liquidity to move seamlessly between Ethereum, Solana, and other blockchains connected through Inter-Blockchain Communication (IBC).
What this means: This is a positive development for INJ adoption because it lowers the technical barriers for Ethereum developers to build on Injective, while still tapping into Cosmos’ liquidity network. However, there is some risk of delays due to the complexity of ensuring secure cross-chain operations.
2. INJ ETF Approval (Pending)
Overview: Cboe BZX and 21Shares have applied to launch the first U.S. ETF based on staked INJ tokens. This product would allow traditional investors to earn rewards from staking INJ without having to hold or manage the tokens directly. The U.S. Securities and Exchange Commission (SEC) is reviewing the application, with their decision depending on how they view staking services under current regulations.
What this means: If approved, this ETF could attract significant institutional investment, similar to what has been seen with Bitcoin ETFs. If rejected, it could indicate tighter regulatory scrutiny on altcoins and staking products.
3. iBuild AI Platform (2025)
Overview: The iBuild platform enables users to create DeFi applications simply by typing natural language commands, like “Build a perpetual decentralized exchange with zero fees.” It automates the process of deploying smart contracts, making app development accessible to those without coding skills. A live demonstration at the Injective Summit showed a working app built in just minutes.
What this means: This innovation could greatly expand Injective’s ecosystem by making it easier for anyone to create dApps. However, since the platform is new, there are uncertainties about how well it will scale and the lack of detailed public documentation may slow adoption initially.
4. Monthly Community Burns (Ongoing)
Overview: Injective has updated its token burn process to use smart contracts for transparency. Each month, 60% of protocol fees are pooled and used in auctions to burn INJ tokens. On average, about $98,000 worth of INJ is burned per auction.
What this means: Regular token burns reduce the total supply of INJ, which can increase its value over time. However, since the amount burned depends on trading activity, fluctuations in market volume could affect the consistency of these burns.
5. Pre-IPO Market Expansion (Q4 2025)
Overview: After launching perpetual contracts for companies like OpenAI and SpaceX, Injective plans to add more private companies, such as Stripe, to its derivatives market. These contracts use SEDA oracles to provide accurate price data.
What this means: This move aims to attract traditional finance (TradFi) users interested in trading synthetic equity products. However, regulatory challenges around synthetic securities could pose obstacles.
Conclusion
Injective is working to connect decentralized finance with traditional finance by adopting Ethereum compatibility, pursuing ETF approval, and introducing AI-powered development tools. While regulatory and technical challenges remain, its focus on interoperability and institutional-grade products positions INJ for potential growth.
How might SEC rulings on crypto staking reshape Injective’s ETF prospects?
What updates are there in the INJ code base?
Injective’s software is improving with new Ethereum compatibility and stronger security features.
- EVM Mainnet Integration (August 2025) – Added support for Ethereum-based apps, making it easier for developers to build on Injective.
- MultiVM Architecture Launch (July 2025) – Combined multiple virtual machine environments (EVM, SVM, WASM) on one blockchain.
- Security Audit by Informal Systems (June 2025) – Confirmed the network’s strong security and reliability.
Deep Dive
1. EVM Mainnet Integration (August 2025)
What happened: The Ethernia upgrade made Injective compatible with the Ethereum Virtual Machine (EVM). This means developers can now run Ethereum smart contracts (written in Solidity) directly on Injective. It connects Ethereum’s large developer community with Injective’s fast and low-cost network.
Injective processes blocks every 0.64 seconds and charges fees under one cent, making it a faster and cheaper option for Ethereum apps. It also supports Cosmos IBC, which allows easy transfer of assets between blockchains. Plus, popular wallets like MetaMask work seamlessly with Injective, making it simple for users to get started.
Why it matters: This upgrade is positive for INJ because it attracts Ethereum developers, improves cross-chain compatibility, and could increase decentralized finance (DeFi) activity on Injective. (Source)
2. MultiVM Architecture Launch (July 2025)
What happened: At the Injective Summit, the team introduced MultiVM, a system that lets developers deploy apps using different virtual machines—EVM, SVM, and WASM—without rewriting their code. The public testnet launched in July, with the mainnet release coming soon.
This setup allows different blockchain technologies to work together on one platform. For example, a decentralized exchange (DEX) for derivatives could use Ethereum’s smart contracts and Solana’s fast processing in one place.
Why it matters: This is a cautiously optimistic development for INJ. It prepares Injective for a wider range of Web3 applications, but its success depends on how many developers adopt it. (Source)
3. Security Audit by Informal Systems (June 2025)
What happened: Informal Systems, a respected auditor known for reviewing Cosmos-based projects, examined Injective’s code. They found the code to be high quality with thorough testing and no major security issues.
The audit focused on the network’s consensus process and cross-chain features, which are crucial since Injective handles over 1.5 billion transactions yearly.
Why it matters: This is good news for INJ because strong security builds trust, especially for institutional investors considering the platform. (Source)
Conclusion
Injective is evolving to support multiple blockchains, offer more options for developers, and maintain strong security. The EVM integration and MultiVM architecture position it as a key player in cross-chain decentralized finance. Meanwhile, security audits help reduce risks. These upgrades could help increase INJ’s value as more users and developers join the network.
Why did the price of INJ fall?
Injective (INJ) dropped 5.04% in the last 24 hours, underperforming the overall crypto market, which fell 1.55%. This decline is mainly due to traders taking profits before a major network upgrade, concerns about a temporary halt on deposits and withdrawals at a key exchange, and weak technical signals.
- Upcoming Mainnet Upgrade – Traders are selling ahead of the Altria upgrade happening in 5 days, a common reaction known as "sell the news."
- Bithumb Exchange Suspension – Starting November 11, INJ deposits and withdrawals will be paused on Bithumb, raising short-term liquidity concerns.
- Technical Weakness – The price fell below an important support level at $7.30, with technical indicators showing bearish trends.
Deep Dive
1. Profit-Taking Before the Altria Upgrade (Mixed Effects)
What’s happening: Injective’s Altria Mainnet Upgrade (IIP 583) is set to launch in 5 days. This upgrade aims to improve the network’s speed and compatibility with Ethereum-based applications. While such upgrades usually add long-term value, traders often sell their holdings beforehand to secure profits.
Why it matters: Short-term investors are reducing their positions to avoid price swings during the upgrade. Historically, INJ has dropped 5-10% before big network events, like the 8% dip before the July 2025 EVM testnet launch.
What to watch: After the upgrade, keep an eye on network stability and developer activity, such as new decentralized apps built using Injective’s no-code iBuild platform.
2. Liquidity Concerns from Bithumb Suspension (Negative Impact)
What’s happening: South Korea’s Bithumb exchange will stop INJ deposits and withdrawals starting November 11 for maintenance related to an upgrade. Bithumb handles about 9% of INJ’s daily trading volume, roughly $21.3 million out of $237 million.
Why it matters: Traders are selling ahead of the suspension, fearing reduced liquidity. Similar past suspensions, like Upbit’s in July 2025, led to 6-8% price drops before and during the event.
Key level to watch: If INJ closes below $7.00—a long-term support level—it could trigger automated sell orders pushing the price down to $6.50.
3. Weak Technical Signals (Bearish Outlook)
What’s happening: INJ’s price fell below the 24-hour pivot point of $7.30 and is facing resistance near the 7-day moving average at $7.09. The Relative Strength Index (RSI) is at 43.53, showing no signs of being oversold, and the MACD indicator remains negative.
Why it matters: Traders are following a downward wedge pattern that has been forming since August 2024. The $6.00 to $7.00 range has usually been a buying zone, but recent high trading volume—45% above the 30-day average—suggests panic selling.
Key metric: Watch if the price can close above $7.30 within 24 hours; doing so could reverse the bearish trend.
Conclusion
INJ’s recent decline is driven by a combination of cautious trading ahead of the Altria upgrade, liquidity concerns from the Bithumb suspension, and weakening technical indicators. While the upgrade could boost momentum after it launches, the short-term outlook is negative amid overall market fear (Crypto Market Fear & Greed Index: 25).
Key point: Can INJ maintain support between $6.80 and $7.00 before the Bithumb suspension on November 11? If it fails, the price may fall further toward the 2025 low of $6.34.