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The new INJ buyback will start tomorrow! Can this wave break the cold price of the ecosystem hot coin?
Guys, Injective officially announces that the new INJ community buyback will start tomorrow. It's only been a little over a month since the $32 million buyback and destruction of 6.78 million INJ on October 3rd. This pace is amazing!
The last round was quite interesting: the ecological TVL surged by 14%, but the coin price dropped by 8%, which clearly indicates that someone staked to take dividends and then cashed out. However, this time the gameplay has been upgraded; the community can store INJ in the fund pool to participate in the burn, and also receive a 10% share of the ecological income as dividends, which is equivalent to a dual benefit of burning + rebate.
The total issuance of INJ is fixed at 100 million coins, and the deflationary foundation is solid. Now the project has also launched a native EVM, and the ecosystem is continuously making efforts. I believe that in the long run, the deflationary logic combined with ecosystem progress can support its value; it just depends on whether the community can reduce short-term cashing out this time and stabilize the consensus.
Compared to projects that only make empty promises, the real buybacks and tangible dividends are already reliable enough. Tomorrow, we can keep an eye on the liquidity pool data. Do you think this time INJ can break free from the vicious cycle of good data but stagnant coin prices?
#inj # encryption