$INJ burned over $315K worth of tokens in June through its buyback-and-burn mechanism, yet the price is still down ~5% in 24h and sitting 91% below its 2024 all-time high.
The disconnect: @Injective tokenomics are genuinely deflationary (IIP-617 passed with 99.9% approval, doubling the burn rate), and institutional infrastructure keeps building, CFTC-regulated futures are live, and a staked ETF filing is in progress. But none of that is offsetting the broader macro risk-off mood dragging the whole market down.
Quick take: fundamentals look stronger than the chart suggests, but deflation alone won't fight macro fear. Worth watching if sentiment shifts before supply gets even tighter.
NFA, DYOR.
You think the burn mechanism eventually wins out, or does #INJ need the market to turn first?
The disconnect: @Injective tokenomics are genuinely deflationary (IIP-617 passed with 99.9% approval, doubling the burn rate), and institutional infrastructure keeps building, CFTC-regulated futures are live, and a staked ETF filing is in progress. But none of that is offsetting the broader macro risk-off mood dragging the whole market down.
Quick take: fundamentals look stronger than the chart suggests, but deflation alone won't fight macro fear. Worth watching if sentiment shifts before supply gets even tighter.
NFA, DYOR.
You think the burn mechanism eventually wins out, or does #INJ need the market to turn first?