🚨 𝐒𝐓𝐀𝐊𝐄𝐃 𝐈𝐍𝐉 𝐉𝐔𝐒𝐓 𝐇𝐈𝐓 𝐀 𝐍𝐄𝐖 𝐀𝐓𝐇
Over 𝟓𝟖𝐌 $INJ is now staked onchain which is roughly 59.6% of total supply.
But staking isn’t the only thing happening…
September’s Community BuyBack just removed 𝟐𝟓,𝟐𝟎𝟎 $INJ from circulation permanently. 🔥
That pushes total $INJ burned to 𝟕.𝟏𝐌+.
So let’s put it together:
More INJ getting burned More INJ getting locked in staking
Less liquid supply available
Burns shrink the float Staking locks up the rest
That’s how a supply squeeze starts looking interesting. 👀
Ninjas keep compounding. 🥷
Over 𝟓𝟖𝐌 $INJ is now staked onchain which is roughly 59.6% of total supply.
But staking isn’t the only thing happening…
September’s Community BuyBack just removed 𝟐𝟓,𝟐𝟎𝟎 $INJ from circulation permanently. 🔥
That pushes total $INJ burned to 𝟕.𝟏𝐌+.
So let’s put it together:
More INJ getting burned More INJ getting locked in staking
Less liquid supply available
Burns shrink the float Staking locks up the rest
That’s how a supply squeeze starts looking interesting. 👀
Ninjas keep compounding. 🥷
