$INIT The
$INIT token serves four primary functions:
• Transaction Fees: Used for gas on the L1 and across the interwoven rollups.
• Staking & Security: Secured via an "Enshrined Liquidity" mechanism.
• Governance: Token holders vote on protocol upgrades and the distribution of the VIP (Vested Interest Program) rewards.
• Liquidity: Acts as the base pairing for decentralized exchanges within the ecosystem.
3. Current Market Status (as of Feb 16, 2026)
• Current Price: Approximately \$0.113 USDT.
• 24h High/Low: \$0.140 / \$0.110.
• Market Cap: \approx \$20.5 Million.
• Circulating Supply: 181.8 Million INIT (Total Supply: 1 Billion).
4. Recent Price Action & Technicals
• Recent Recovery: After hitting an all-time low (ATL) of \$0.0569 on February 6, 2026, the coin has seen a massive surge. In the last 48 hours alone, the price jumped nearly 60\% - 100\% from its weekly lows, peaking near \$0.14 before stabilizing.
• Long-term Trend: Despite the recent "V-shaped" recovery, INIT is still down approximately 90\% from its all-time high of \$1.44 (reached in May 2025). This suggests heavy overhead resistance as it attempts to reclaim higher price levels.
• Sentiment: The recent pump is likely driven by renewed interest in modular blockchain narratives and increased trading volume on major exchanges like Bybit and Kraken.
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