Pineapple Invests $100 Million in Injective: A Major Boost for Ecosystem Growth

Digital asset firm Pineapple has launched a significant $100 million investment strategy aimed at bolstering the Injective ecosystem. This strategic move involves a substantial purchase of 678,353 INJ tokens, valued at approximately $8.9 million, to kickstart this initiative. The financial commitment is seen as a sign of confidence in Injective’s long-term growth potential and its role in driving innovation within the DeFi space.