INJ Sees Surges on Kraken, But Low Volume Raises Eyebrows
- In the early trading hours of Friday, INJ rallied to an all-time high of $49 on Kraken.
- While the growth was notable, the volumes of the trade that led to it were low.
- On the daily market, the token continues to see increased demand.
The Injective Protocol (INJ) token witnessed a surprising spike on Friday, reaching $49 on the Kraken exchange to mark its all-time high.
However, the price surge lacked significant backing, as the trading volume remained relatively low, crypto research analyst Riyad Carey noted in a post on X (formerly Twitter).
According to Carey, the two largest trades responsible for the jump were reportedly worth only $70,000 and $40,000, respectively.
This suggests the surge might have been due to specific market manipulation or whale activity rather than broad market optimism.
The alt’s price has since been corrected to trade at $39 at press time.
INJ maintains momentum
INJ has seen significant price growth in the last mo…
The post INJ Sees Surges on Kraken, But Low Volume Raises Eyebrows appeared first on Coin Edition.
INJ Sees Surges on Kraken, But Low Volume Raises Eyebrows
- In the early trading hours of Friday, INJ rallied to an all-time high of $49 on Kraken.
- While the growth was notable, the volumes of the trade that led to it were low.
- On the daily market, the token continues to see increased demand.
The Injective Protocol (INJ) token witnessed a surprising spike on Friday, reaching $49 on the Kraken exchange to mark its all-time high.
However, the price surge lacked significant backing, as the trading volume remained relatively low, crypto research analyst Riyad Carey noted in a post on X (formerly Twitter).
According to Carey, the two largest trades responsible for the jump were reportedly worth only $70,000 and $40,000, respectively.
This suggests the surge might have been due to specific market manipulation or whale activity rather than broad market optimism.
The alt’s price has since been corrected to trade at $39 at press time.
INJ maintains momentum
INJ has seen significant price growth in the last mo…
The post INJ Sees Surges on Kraken, But Low Volume Raises Eyebrows appeared first on Coin Edition.