Wow, this is big.
You should keep an eye on @injective's $INJ.
Recently, they attempted to launch an ETF with a version of INJ staked through Canari, and now Pineapple has launched a digital treasury of 100M to specifically accumulate INJ.
This means that since there are no INJ tokens being released in the market right now, it is almost certain that once the staking ETF is launched, over 100M in funds will flow in. Additionally, it is important to note that Pineapple intends to inject even more funds beyond this.
Could our INJ break through ATH and reach far beyond? Go INJ! They are dropping good news just before MultiVM!
The market is also responding with a slight increase, and once the treasury is activated, it is expected that there will be steady buying in the market.
Today, the Injective ecosystem takes a historic step in bringing $INJ to Wall Street for the first time.
Fintech platform Pineapple Financial $PAPL has launched a $100 Million Digital Asset Treasury dedicated solely to accumulating INJ. Over the coming weeks and months this capital will be deployed to create the world’s largest publicly traded INJ treasury.
This release will not only enable traditional finance institutions to access INJ via the stock market, it will also allow Injective to bring an unmatched set of tokenized assets to its blockchain, unlocking a truly multi-trillion dollar market opportunity.
The transaction attracted leading investors across traditional finance and crypto, including FalconX, Monarq, Abraxas, @blockchain, Canary Capital, @krakenfx, the Injective Foundation, and many others.
$100 Million to Start. Infinite More Ahead.
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