$INIT Crash from $0.30 to $0.18 Isn't Panic It's a "Second Exploit" Reality Check
The chart shows a wild ride: $0.117 to $0.3029, then a brutal rejection to $0.18. The pump wasn't organic growth...
What's next? The 24h low at $0.1739 is your line in the sand. If that breaks, expect a flush back toward $0.14. But the bigger red flag? A token unlock of ~8.8M INIT is scheduled for November 24 . With futures net outflows already hitting $1.16M, the path of least resistance is still down . Don't catch this falling knife wait for the unlock to pass and the network to actually come back online.
$INIT
The chart shows a wild ride: $0.117 to $0.3029, then a brutal rejection to $0.18. The pump wasn't organic growth...
What's next? The 24h low at $0.1739 is your line in the sand. If that breaks, expect a flush back toward $0.14. But the bigger red flag? A token unlock of ~8.8M INIT is scheduled for November 24 . With futures net outflows already hitting $1.16M, the path of least resistance is still down . Don't catch this falling knife wait for the unlock to pass and the network to actually come back online.
$INIT
