Injective Protocol’s native token, INJ, has experienced a notable decline of 18.77% over the past five days. As a layer-1 blockchain facilitating cross-chain transactions, Injective has garnered significant attention from investors. However, recent on-chain data suggests that INJ may face further declines, raising concerns about its short-term performance.

Analyzing Recent Performance

Injective’s recent performance has been under the spotlight, with the token dropping significantly in a short period.&middot

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