$INIT 📊 Latest Price & Market Snapshot
Price: Around $0.07 USD with modest daily movement.
Rank & Cap: Market cap is mid-range (around #1030-#1040).
Current price is far below its all-time high (~$1.42) — ~95 % lower.
🧠 Project Fundamentals
What it is: Initia (INIT) is a modular Layer-1 blockchain designed to make it easy to launch and interconnect custom Layer-2 rollups, improving scalability and interoperability.
Utility: INIT tokens are used for fees, governance, staking, and cross-chain transfers within the ecosystem.
The protocol was promoted with airdrops and Launchpool incentives on major platforms like Binance.
📈 Recent News & Activity
Exchange & Network Updates
Major Korean exchanges (Upbit and Bithumb) temporarily paused INIT deposits and withdrawals due to network upgrades.
This can affect trading sentiment short-term as access is limited during maintenance.
Past Launch Events
INIT was listed via Launchpool and pre-market events on major exchanges, boosting early interest.
📉 Current Market Mood
Price is still in a consolidation phase—not trending strongly up or down recently.
Being far below ATH means it may have high volatility and risk; price swings can be large relative to current value. #TradeCryptosOnX #CPIWatch #init #Initia
