INJ News: TVL Climbs 14% Amid Buyback Launch, But Token Sinks 8%

The Injective ecosystem is experiencing a divergence where Total Value Locked (TVL) surged by approximately 14% in 24 hours, signaling increased network inflows and confidence, while the native INJ token simultaneously fell by about 8%. This trend coincides with the launch of Injective's new Community Buy-Back program, designed to reduce token supply by using ecosystem revenue to purchase and burn tokens, offering participants a 10% yield in return. However, the market reaction suggests users may be participating to earn the yield and then immediately selling the INJ token, creating sustained sell pressure that outweighs the positive impact of rising TVL and the supply reduction mechanism. This dynamic highlights a challenge for Injective, whose token price is down 60% over the past year despite the ecosystem's growth.

(Source：CoinDesk)