There is a lot of noise about the recent margin pair delistings, but let's look at the on-chain data. š
In November alone, over $39.5 Million worth of $INJ was burned. The supply shock is real and getting stronger every month.
Short-term liquidity changes on CEXs don't change the long-term deflationary mechanics of the protocol. When the float dries up, the squeeze will be historic.
I am focusing on the burn rate, not the FUD. Who is with me? š„
#BinanceBlockchainWeek @Injective
INJ
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USTCUSDT
Perp
0.008437
+4.63%
ACEUSDT
Perp
0.243
-2.13%
