initia just said it will cover the hole itself, and $INIT ripped about 29% on the day
foundation posted today that it approved funding to fully restore 1:1 backing for the iUSD collateral hit in the oct 23 security incident. up to 1.08m usdc, 105 eth and 1.4m ausd0 after reconciliation
thats the pump. not a new listing. the team is putting reserve money behind the peg, and the chart ran from about 0.16 up to a 0.26 high before cooling near 0.21
still a post-incident bounce tho, so treat it like one. volume is real on binance, but the chain just went through a real scare
im watching how $BTC holds into the fed tonight. if majors stay calm this can keep grinding. if they dump, init dumps with them
$INIT holds 0.20 after the fed or gives the morning spike back first ?
foundation posted today that it approved funding to fully restore 1:1 backing for the iUSD collateral hit in the oct 23 security incident. up to 1.08m usdc, 105 eth and 1.4m ausd0 after reconciliation
thats the pump. not a new listing. the team is putting reserve money behind the peg, and the chart ran from about 0.16 up to a 0.26 high before cooling near 0.21
still a post-incident bounce tho, so treat it like one. volume is real on binance, but the chain just went through a real scare
im watching how $BTC holds into the fed tonight. if majors stay calm this can keep grinding. if they dump, init dumps with them
$INIT holds 0.20 after the fed or gives the morning spike back first ?
