$INJ

The Injective (INJ) token is currently trading around $25.81 with a recent 24-hour low of $24.24 and a high of $27.22. Over the last week, its price has seen fluctuations, including a significant dip from $26.92 earlier this week to $23.26 before recovering slightly. The market cap stands at approximately $2.41 billion, with a circulating supply of 97.15 million INJ.

Injective's focus on DeFi and cross-chain trading continues to attract attention. Recent token burns (such as 11,000 INJ burned recently) highlight efforts to reduce supply, potentially driving value over time. Additionally, Injective's Layer-1 infrastructure tailored for finance positions it well in a growing market.

Despite its strong fundamentals, short-term price action might experience further corrections. INJ's year-to-date return is down by 35%, and recent market dynamics indicate vulnerability to broader crypto market downturns. Analysts suggest monitoring support levels near $24.