INIT Token Surges 52.88% Amid Exchange Upgrades, Binance Trading Volume Hits $529K

Initia (INITUSDT) experienced a significant price increase of 52.88% over the past 24 hours, reaching $0.1087, with trading activity on Binance playing a central role. The primary catalyst for this surge appears to be exchange-related news, notably the temporary deposit and withdrawal suspensions on Upbit and Bithumb due to a network upgrade, which increased attention and trading momentum. Additionally, INITUSDT’s active listing and trading pairs across major exchanges, including Binance Launchpool, have contributed to heightened interest and liquidity. Current market metrics show a 24-hour trading volume of 7.47 million INIT (529,502.15 USDT) on Binance and a market capitalization around $12.5–12.99 million USD, with a circulating supply of approximately 181.82 million INIT. The asset has seen notable price volatility, with daily highs at $0.0801 and lows at $0.0658, reflecting dynamic trading conditions and heightened investor engagement.