【Old Rye Observation】
$INJ Today, this milestone is worth revisiting.
On September 30, the latest Injective Community BuyBack officially ended, and the INJ that participants committed to will be permanently burned.
But this time there’s also something new: Stockdrop begins to be revealed as well. In addition to receiving a normal share of ecosystem revenues, participants also have the chance to receive a tokenized stock reward, which will be distributed via Robinhood Chain.
So this time, the INJ play isn’t just a simple “buyback-and-burn.”
It actually ties three things together: protocol revenue → buy back INJ and burn it → provide tokenized stock rewards to participants. In the first four rounds of Community BuyBack, a total of 178,338 INJ has been burned.
Now the key to watch is whether this mechanism can keep scaling up.
If in the future the protocol earns more, the buyback size grows, and the number of tokenized assets increases as well, then the supply side and the business side of INJ will form a fairly direct feedback loop.
Of course, today’s news has already been partially priced in by the market, and it still supports the same view as before.
Entry: $7.35–7.75
Take profit: $8.00 / $8.80 / $9.50 / $10.50 / $11.00
Stop loss: $6.65
If it breaks below $6.85, abandon this setup for now. After the stop loss is triggered, the trade ends immediately.
$INJ Today, this milestone is worth revisiting.
On September 30, the latest Injective Community BuyBack officially ended, and the INJ that participants committed to will be permanently burned.
But this time there’s also something new: Stockdrop begins to be revealed as well. In addition to receiving a normal share of ecosystem revenues, participants also have the chance to receive a tokenized stock reward, which will be distributed via Robinhood Chain.
So this time, the INJ play isn’t just a simple “buyback-and-burn.”
It actually ties three things together: protocol revenue → buy back INJ and burn it → provide tokenized stock rewards to participants. In the first four rounds of Community BuyBack, a total of 178,338 INJ has been burned.
Now the key to watch is whether this mechanism can keep scaling up.
If in the future the protocol earns more, the buyback size grows, and the number of tokenized assets increases as well, then the supply side and the business side of INJ will form a fairly direct feedback loop.
Of course, today’s news has already been partially priced in by the market, and it still supports the same view as before.
Entry: $7.35–7.75
Take profit: $8.00 / $8.80 / $9.50 / $10.50 / $11.00
Stop loss: $6.65
If it breaks below $6.85, abandon this setup for now. After the stop loss is triggered, the trade ends immediately.