$INJ rises 10% after 50 million INJ staking plan

Gate.io News: The price of $INJ, the native token of Injective, has increased by 10% in the last 24 hours. This is coming after the project team announces plan to stake additional 50 million INJ tokens in an effort to improve the ecosystem.

$INJ currently trades around $41.30 (INJ/USDT), with a market capitalization of $3.47B, and a 24-hour trading volume of $7.85M according to Gate.io trading chart.