Why Injective’s (INJ) Final Unlock Is Something to Keep an Eye On
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- The last set of the locked INJ tokens would hit the market by January 21.
- An analyst noted that INJ had formed a bullish flag and might surpass $60.
- INJ needs to breach the $40.28 resistance to confirm the breakout.
Layer-one blockchain Injective (INJ) is gearing up for the final phase of its token unlock, the Token Unlocks handle on X disclosed. According to the post, INJ would be fully unlocked on January 21.
With 3.66 million tokens set to be released, the unlock would mean that 100% of the total INJ supply would be in circulation.
— Token Unlocks (@Token_Unlocks) January 7, 2024
Final Cliff Unlocks Alert
Mark your calendars for January 21, 2024$INJ will be fully unlocked (100%)
Get ready for the massive cliff unlocks.3.66 m tokens
132.4 m dollars
4.35% of cir. supply
Allocations:
– Advisors: $12.04 m
– Team: $120.37 m$INJ was… pic.twitter.com/EYCyv4hsuC
INJ Prepared to Rally, Analyst Says
At press time, about 83.75 million INJ tokens were in circulation. So, if the 4.35% enters the market, the entire circulating supply would be 100 million.
Furthermore, the token unlock would give market participants who have missed INJ’s impressive run to have…
The post Why Injective’s (INJ) Final Unlock Is Something to Keep an Eye On appeared first on Coin Edition.
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