Injective Token Plunges 25%, Driven by Market Selloff and Pineapple’s Treasury Launch

INJ price plummeted 25.89% to $8.99 following a broader market downturn. This dip came on the heels of Pineapple Financial launching a $100 million Injective Treasury, an initiative that saw them invest $8.9 million in INJ at the open market. The move aims for long-term staking rewards, with yields projected to be nearly double Ethereum’s yield at 12.75%. Market participants are now closely watching whether Injective can regain momentum and break through its $10 resistance level.