The strangest chart on Binance tonight belongs to a coin whose chain stopped working twice.
$INIT is up +38.2% today — the biggest gainer on Binance — while $BTC is still down and the whole market is nursing a crash.
Price: $0.1404 (24h high $0.1477, low $0.0941)
24h change: +38.2%
24h volume: $15.3M
The move came fast. It sat near $0.10 most of the day, then jumped to almost $0.15 in a few hours.
And here is the weird part. Initia halted its layer-1 chain on November 10 after about $615,000 in unauthorised transfers — its second halt in three weeks. The token surged then too. I could not find a fresh headline today to explain this one.
A coin up 38% on a day like this, with no news I can verify — that is the kind of chart you check twice before believing it.
Would you trust a rally with no headline behind it?
#INIT #Crypto #Binance
Not financial advice.
$INIT is up +38.2% today — the biggest gainer on Binance — while $BTC is still down and the whole market is nursing a crash.
Price: $0.1404 (24h high $0.1477, low $0.0941)
24h change: +38.2%
24h volume: $15.3M
The move came fast. It sat near $0.10 most of the day, then jumped to almost $0.15 in a few hours.
And here is the weird part. Initia halted its layer-1 chain on November 10 after about $615,000 in unauthorised transfers — its second halt in three weeks. The token surged then too. I could not find a fresh headline today to explain this one.
A coin up 38% on a day like this, with no news I can verify — that is the kind of chart you check twice before believing it.
Would you trust a rally with no headline behind it?
#INIT #Crypto #Binance
Not financial advice.