Injective

<ul class="news-points"> 
 <li><strong>In the early trading hours of Friday, INJ rallied to an all-time high of $49 on Kraken.</strong></li> 
 <li><strong>While the growth was notable, the volumes of the trade that led to it were low.</strong></li> 
 <li><strong>On the daily market, the token continues to see increased demand.</strong></li> 
</ul> 
<p>The <a href="https://coinedition.com/tag/injective-token-inj/">Injective Protocol (INJ)</a> token witnessed a surprising spike on Friday, reaching $49 on the Kraken exchange to mark its all-time high.&nbsp;</p> 
<p>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).</p> 
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   <p lang="en" dir="ltr">INJ spiked up to $49 on Kraken on not a ton of volume. The two big overlapping trades were only worth about $70k and $40k <a href="https://t.co/IhERlhoO74" target="_blank" rel="nofollow">pic.twitter.com/IhERlhoO74</a></p>— Riyad Carey (@riyad_carey) <a href="https://twitter.com/riyad_carey/status/1738065695177400713?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">December 22, 2023</a>
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<p>According to Carey, the two largest trades responsible for the jump were reportedly worth only $70,000 and $40,000, respectively.&nbsp;</p> 
<p>This suggests the surge might have been due to specific market manipulation or whale activity rather than broad market optimism.</p> 
<p>The alt’s price has since been corrected to trade at $39 at press time.&nbsp;</p> 
<h2 class="wp-block-heading" id="h-inj-maintains-momentum-nbsp"><strong>INJ maintains momentum&nbsp;</strong></h2> 
<p>INJ has seen significant price growth in the last mo…</p>
<p>The post <a href="https://coinedition.com/inj-sees-surges-on-kraken-but-low-volume-raises-eyebrows/">INJ Sees Surges on Kraken, But Low Volume Raises Eyebrows</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.</p>

INJ Sees Surges on Kraken, But Low Volume Raises Eyebrows

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