Initia Token Recovers from Post-Airdrop Slump with 30% Rally

INIT, the native token of Initia, experienced a sharp surge this morning following the modular blockchain platform’s mainnet debut last week. Launched on April 24 , INIT increased 30% over the past 24 hours, climbing to $0.81 from $0.65 in just five hours, according to CoinGecko . The rally boosted the token’s market capitalization to approximately $121 million, marking a 34% increase from its lowest recorded price. To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io

Source: The Defiant