$INX
ripped 29% in a few hours to $0.0073 — no fresh headline driving it; looks like an oversold bounce/short squeeze on thin liquidity after weeks of heavy selling since its January launch.
Fundamentals:
Infinex is a DeFi super-app/wallet (unified trading, cross-chain swaps, perps) founded by Synthetix's Kain Warwick. Bullish near-term bounce, but structurally weak — still down ~78% from ATH with ongoing sell pressure from early investors/airdrop recipients.
Market Cap: ≈ $14.5M
Open Interest: ≈ $5.2M (CEX perps)
#INX #defi #topgainer
ripped 29% in a few hours to $0.0073 — no fresh headline driving it; looks like an oversold bounce/short squeeze on thin liquidity after weeks of heavy selling since its January launch.
Fundamentals:
Infinex is a DeFi super-app/wallet (unified trading, cross-chain swaps, perps) founded by Synthetix's Kain Warwick. Bullish near-term bounce, but structurally weak — still down ~78% from ATH with ongoing sell pressure from early investors/airdrop recipients.
Market Cap: ≈ $14.5M
Open Interest: ≈ $5.2M (CEX perps)
#INX #defi #topgainer
