$INJ governance approves deflationary overhaul as community bets on scarcity. Korea University joins as first academic validator.
What's Happening:
🔥 Governance Win: IIP-617 "Supply Squeeze" passed with 99.89% approval — slashes token issuance.
Burn Continues: 6.85 million INJ already burned through buyback program, more to come.
Academic First: Korea University becomes first university to run a validator and conduct onchain research.
ETF Filings: Both Cboe and Canary Capital have pending applications for staked INJ ETFs.
Why It Matters:
Injective is betting that scarcity drives value. The governance vote reduces new INJ entering circulation while maintaining the buyback-and-burn mechanism that removes tokens permanently. Despite INJ being down 90%+ from ATH, the community voted overwhelmingly for long-term tokenomics over short-term emission rewards. Deutsche Telekom subsidiary and now Korea University validating the network signals institutional-grade infrastructure.
Technical View:
$4.50 is the immediate support level to watch. INJ has been in a brutal downtrend, but the governance catalyst could mark a sentiment shift. A break above $5.00 would be the first sign of reversal. Major resistance sits at $6.00 from January highs.
🎯 Key Levels:
Support: $4.50 | Resistance: $5.50
24h Range: $4.55 - $4.78
💡 "When 99.89% agree on anything in crypto, pay attention. Injective just voted to make INJ scarcer."
What's your take? Drop a 🔥 for bullish, ❄️ for bearish 👇
#Injective #INJ #Governance #DeFi #Deflationary
Disclaimer: This content is for educational purposes only and should not be considered financial advice. Always do your own research (DYOR) before making any investment decisions.
