Injective's chain went silent for 4 hours 24 minutes on Nov 9, and the explanation is still thin.
Three questions people are asking:
Why did it stop?
Injective hasn't published a cause. A community manager in its Telegram reportedly called it a planned mainnet upgrade test before a bigger upgrade. Upbit and Bithumb described it as block production stopping, and froze $INJ deposits and withdrawals.
Did the price crash?
No. INJ held near $8.10, up 12.74% on the week when the halt hit, and spot trading kept running.
Why does it still matter?
It's the second halt in about ten weeks (the first, on Aug 31, lasted roughly 3h 42m). It also lands days after the staked INJ ETF, ticker INJC, began trading on Nasdaq. Institutions want boring infrastructure, so a repeat is a bigger risk than one bad night.
My take: the market is treating this as a tooling hiccup, and a full post-mortem is what would settle it. Not financial advice.
Do you read a "planned test" label as reassurance or as spin? #Injective #Layer1
Disclosure: Write to Earn may pay me a commission on cashtag trades.
Three questions people are asking:
Why did it stop?
Injective hasn't published a cause. A community manager in its Telegram reportedly called it a planned mainnet upgrade test before a bigger upgrade. Upbit and Bithumb described it as block production stopping, and froze $INJ deposits and withdrawals.
Did the price crash?
No. INJ held near $8.10, up 12.74% on the week when the halt hit, and spot trading kept running.
Why does it still matter?
It's the second halt in about ten weeks (the first, on Aug 31, lasted roughly 3h 42m). It also lands days after the staked INJ ETF, ticker INJC, began trading on Nasdaq. Institutions want boring infrastructure, so a repeat is a bigger risk than one bad night.
My take: the market is treating this as a tooling hiccup, and a full post-mortem is what would settle it. Not financial advice.
Do you read a "planned test" label as reassurance or as spin? #Injective #Layer1
Disclosure: Write to Earn may pay me a commission on cashtag trades.