Cryptocurrency Q&A
What happened to INJ token in 2022?
What happened to INJ token in 2022?
Michele
Sat Jun 22 2024
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7 answers
1535
Could you elaborate on the notable occurrences and trends surrounding the INJ token in the year 2022? Were there any significant price fluctuations? Did the token experience any major partnerships or integrations? Did the underlying technology or platform behind INJ undergo any significant updates or improvements? Furthermore, how did the broader crypto market conditions impact the performance of the INJ token during that period? Any insights or perspectives on what factors might have influenced its trajectory would be greatly appreciated.
7 answers
CryptoTamer
Mon Jun 24 2024
INJ's market capitalization suffered a significant drop in May 2022, falling to approximately $120 million.
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Dario
Sun Jun 23 2024
Injective had initially launched the INJ token with a supply of 100 million tokens.
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SumoStrength
Sun Jun 23 2024
This decline coincided with a sharp decrease in Injective's total value locked (TVL).
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SoulWhisper
Sun Jun 23 2024
Despite this large initial supply, the token's value was unable to sustain its earlier highs.
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Riccardo
Sun Jun 23 2024
The TVL had previously reached a high of $182 million in February 2022.
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