There is a lot of noise about the recent margin pair delistings, but let's look at the on-chain data. 🔍
In November alone, over $39.5 Million worth of $INJ was burned. The supply shock is real and getting stronger every month.
Short-term liquidity changes on CEXs don't change the long-term deflationary mechanics of the protocol. When the float dries up, the squeeze will be historic.
I am focusing on the burn rate, not the FUD. Who is with me? 🔥
#BinanceBlockchainWeek @Injective
INJ
5.54
+2.02%
USTCUSDT
Perp
0.012225
+51.92%
ACEUSDT
Perp
0.2989
+49.00%
