initfall

$INIT holders shed 56% in 24h as volume spikes 5× its weekly average

The token fell 55.1% to $0.1375, far below its 30‑day high. Such a plunge wipes out more than half of recent gains.

Binance shows trading volume at $41 M, five times the 7‑day average, indicating frantic selling. Funding is –0.095%, meaning short positions are paying longs to stay open, a sign of bearish pressure.

Open interest dropped 48% to $9 M and longs outnumber shorts 1.19‑to‑1, suggesting traders are still leaning long despite the downtrend. Risk remains that any further negative news could drive price toward its low of $0.132.

💬 Bullish or bearish? One word.

#INITFall #VolumeSpike