The market got hammered, but $INJ just kept rising for three days in a row! On November 5, Canary’s staking-based INJ ETF (INJC) began trading on Nasdaq. INJ closed at $8.148 that day, after briefly surging to $8.58 intraday; it had closed at $7.937 on Wednesday and just $6.983 on Tuesday. The 10,000 U invested three days ago is now worth about 11,600 U. It’s up more than 10% in seven days, with a market cap of about $820 million and 24-hour trading volume of $175 million—over 20% of its market cap, a full-throttle turnover rate. A reality check, though: at its current price, it’s still 84% below its all-time high of $52.62. This rally was sparked by ETF excitement, not a sudden change in fundamentals. Before chasing the rally, take a look at the three candlesticks in the chart and then decide. #Injective #ETF
