A recent fire auction and OKX listing later added to the needle swing.
Injectable ( INJ ) rose nearly 10 percent to an intraday high of $18.24.
The gains were made by OKX adding support for INJ on spot markets and the community burning over $65k worth of INJ.
INJ's price is down 28% from its all-time high of $24.89 reached in April 2021.
Injectable (INJ) prices rose on Thursday as positive sentiment helped bulls break above recent resistance levels. The INJ token hit an intraday high of $18.24, rising to double digits as buyers pushed for an all-time high above $20 on the day.
OKX INJ Lists, Burning Auction Continues.
OKX added support for Injectable (INJ) on November 30th, opening for INJ/USDT deposits at 6 am UTC. The token opened for spot trading at 10 am UTC.
Injective announced that the community has burned $65,000 worth of tokens (3,986.52 INJ) in weekly Wednesday burns since the launch of the mainnet in 2021.
3/ Over $65,000 worth of $INJ burned yesterday pic.twitter.com/b59ZKHlx0c
— Injective 🥷 (@Injective_) November 30, 2023
With recent bullish action by crypto exchange OKX and today's gains listed on the INJ listing, a further reversal could bring the $24.89 ATH achieved in April 2021 into view. That price is now down just 28%, trading at $18.06 at the time of writing.
Injection is up more than 18 percent in the past week and more than 37 percent in the past month. The price of the Layer-1 blockchain native token has surged 940% since hitting a new low a year ago. Trading volume rose 56% in the last 24 hours to over $128 million.
