Wait, what did $INIT just do on the chart 👀! The 1D timeframe clearly shows a strong uptrend that’s lasted nearly two years. But that $INIT jump of 56.07% in the past 24 hours, with volume exploding to 2.37x the average H4 candle volume, really has me 😳.
The weird thing is, $INIT didn’t just shoot straight up for no reason, folks. I looked into it, and despite two security incidents that forced the network to temporarily shut down on 23/10 and even *today, 10/11/2026*, INIT’s price still rose significantly—60–80% after each event. It’s hard to make sense of. Could the market be forcing a massive short squeeze?
Derivatives data says it all: the funding rate is deeply negative at -1.4003%/8h, only 38.9% of accounts are long, while Open Interest has surged by as much as 153.4%! Clearly, a lot of whales are short, and the potential for a classic short squeeze is very high.
The weird thing is, $INIT didn’t just shoot straight up for no reason, folks. I looked into it, and despite two security incidents that forced the network to temporarily shut down on 23/10 and even *today, 10/11/2026*, INIT’s price still rose significantly—60–80% after each event. It’s hard to make sense of. Could the market be forcing a massive short squeeze?
Derivatives data says it all: the funding rate is deeply negative at -1.4003%/8h, only 38.9% of accounts are long, while Open Interest has surged by as much as 153.4%! Clearly, a lot of whales are short, and the potential for a classic short squeeze is very high.
