Injective Protocol’s native token, INJ, has shown significant movement, rising by a notable 22% in the past 24 hours. This surge follows a pivotal release of Consumer Price Index (CPI) data and a consequential burn auction that retired over 6 million INJ tokens from circulation.

The CPI data, indicating slower-than-expected inflation in the US, provided a positive macro economic backdrop for cryptocurrencies like INJ.&middot

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