Token

Injective

Million

Coin

<ul class="news-points"> 
 <li>TokenUnlocks tweeted that INJ has unlocked 93% of the maximum supply of its tokens.</li> 
 <li>The impending token unlock for ecosystem development raises the question of the price of INJ.</li> 
 <li>INJ trades inside an ascending triangle, it could reach more than $16 when it breaks out.</li> 
</ul> 
<a href="https://token.unlocks.app/" target="_blank" rel="noopener noreferrer nofollow">TokenUnlocks</a>, an analytical dashboard for tokenomics information, tweeted that 93% of the Injective token’s (INJ) maximum supply was unlocked to date. As per the unlocking event scheduled for August 21, there will be another 2.86 Million INJ tokens released for Ecosystem Development read the tweet.&nbsp; 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
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 <blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 TokenUnlocks is now tracking… <a href="https://twitter.com/Injective_?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">@Injective_</a><a href="https://twitter.com/search?q=%24INJ&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$INJ</a> Vesting Info <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f4ca.png" alt="📊" class="wp-smiley" style="height: 1em; max-height: 1em;">: <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/2705.png" alt="✅" class="wp-smiley" style="height: 1em; max-height: 1em;"> 93% of max supply unlocked <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f513.png" alt="🔓" class="wp-smiley" style="height: 1em; max-height: 1em;"> 2.86m <a href="https://twitter.com/search?q=%24INJ&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$INJ</a> will unlock in 20 days (allocated to ecosystem) <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1fa99.png" alt="🪙" class="wp-smiley" style="height: 1em; max-height: 1em;"> 7% remains locked for the ecosystem, team, and advisors Check it out: <a href="https://t.co/4sNSmM010J" target="_blank" rel="noopener noreferrer nofollow">https://t.co/4sNSmM010J</a> <a href="https://t.co/yh6rCuV6v4" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/yh6rCuV6v4</a>— Token Unlocks (@Token_Unlocks) <a href="https://twitter.com/Token_Unlocks/status/1685952381052411904?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">July 31, 2023</a> 
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</figure> 
With the impending release of the tokens at hand, the question arises as to whether the token will decrease in price with the increase in supply, or will the buyer cash out INJ. If the buyers cash out INJ, then the price could rise by a large margin. 
<figure class="wp-block-image size-full"> 
 <img decoding="async" width="975" height="475" src="https://coinedition.com/wp-content/uploads/2023/07/image-48.png" alt="INJ/USDT 1-Day Chart (Source: TradingView)" class="wp-image-325056" srcset="https://coinedition.com/wp-content/uploads/2023/07/image-48.png 975w, https://coinedition.com/wp-content/uploads/2023/07/image-48-300x146.png 300w, https://coinedition.com/wp-content/uploads/2023/07/image-48-313x152.png 313w, https://coinedition.com/wp-content/uploads/2023/07/image-48-380x185.png 380w, https://coinedition.com/wp-content/uploads/2023/07/image-48-768x374.png 768w, https://coinedition.com/wp-content/uploads/2023/07/image-48-696x339.png 696w, https://coinedition.com/wp-content/uploads/2023/07/image-48-127x62.png 127w, https://coinedition.com/wp-content/uploads/2023/07/image-48-159x77.png 159w, https://coinedition.com/wp-content/uploads/2023/07/image-48-255x124.png 255w, https://coinedition.com/wp-content/uploads/2023/07/image-48-795x387.png 795w, https://coinedition.com/wp-content/uploads/2023/07/image-48-440x214.png 440w, https://coinedition.com/wp-content/uploads/2023/07/image-48-414x202.png 414w, https://coinedition.com/wp-content/uploads/2023/07/image-48-326x159.png 326w, https://coinedition.com/wp-content/uploads/2023/07/image-48-377x184.png 377w, https://coinedition.com/wp-content/uploads/2023/07/image-48-328x160.png 328w, https://coinedition.com/wp-content/uploads/2023/07/image-48-144x70.png 144w, https://coinedition.com/wp-content/uploads/2023/07/image-48-123x60.png 123w, https://coinedition.com/wp-content/uploads/2023/07/image-48-129x63.png 129w" sizes="(max-width: 975px) 100vw, 975px"> 
 <figcaption class="wp-element-caption"> INJ/USDT 1-Day Chart (Source: <a href="https://www.tradingview.com/x/wcFjljgO/" target="_blank" rel="noopener noreferrer nofollow">TradingVie…</a> 
 </figcaption> 
</figure> 
The post <a rel="noopener noreferrer nofollow" href="https://coinedition.com/2-86m-inj-tokens-to-be-unlocked-in-august-will-traders-cash-in/">2.86M INJ Tokens to be Unlocked in August, Will Traders Cash in?</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://coinedition.com">Coin Edition</a>.

2.86M INJ Tokens to be Unlocked in August, Will Traders Cash in?

Coin Edition

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