Injective coin is trading around $6.05, barely moving on the day, even as the Injective protocol just posted one of its strongest weeks ever in real-world asset activity. The contrast is striking, as the INJ price is flat, but the ecosystem behind Injective crypto is expanding at a pace few L1s can match.

RWA Markets Go Parabolic as Supply Tightens

Injective crypto completed its November community buyback, burning 6.78 million INJ (~$39.5M). Combined with October, that’s roughly 13.5% of supply removed in two months, an unusually aggressive deflation cycle for a major network.

60% of Injective protocol fees are routed to buybacks, meaning rising activity directly reduces circulating supply.

RWA perpetual markets are the engine behind that activity. Injective token markets have now processed more than $6B in cumulative RWA volume, offering synthetic exposure to equities, commodities, forex, and pre-IPO names with up to 25x leverage.

According to recent Messari data, Magnificent 7 equities alone generated $2.4B, while the perpetual markets for OpenAI, SpaceX, and Anthropic accelerated institutional interest after their October 1 launches.

Treasury perpetuals added another $363M, led by MicroStrategy’s $313M, reinforcing Injective protocol’s role as a 24/7 infrastructure layer for on-chain derivatives. SharpLink’s $1.3B ETH treasury tokenization adds further validation from traditional finance.

This matters for the INJ price because more RWA volume increases fee revenue, higher fees increase buybacks, and buybacks shrink supply, creating potential support for the Injective coin price during periods of consolidation.

Injective Price Sits at a Critical Level, Analysts Turn Bullish

Injective coin trades near $6.05, down sharply from earlier months but showing early signs of stabilization. INJ has fallen over the past month, six months, and year, but the data compresses cleanly into one line: Injective token remains in a deep drawdown, yet short-term price action shows buyers defending the $6 zone with rising volume.

Crypto analyst Butterfly notes that Injective crypto is consolidating inside a wide descending channel on the 3D chart, a structure often associated with late-stage accumulation.

Each retest of the upper boundary shows weakening resistance, and the analyst argues that if momentum builds from here, INJ could eventually make its way toward the $40 region once the channel breaks.

Don’s analysis highlights a long-term diagonal trendline that has defined the entire 2024–2025 decline. A reclaim above this red-line resistance, currently sitting near $8, would flip the broader structure and signal a trend reversal. He frames this level as the line between continued compression and a new bullish cycle. His Injective price prediction targets $67.

Short-Term Outlook

In the near term, Injective coin price prediction centers on whether INJ can hold above the $6 area and challenge the $6.20–$6.30 band again.

Strength above that range would confirm the early accumulation signals analysts are watching. However, a drop below $5.95 would delay any breakout attempt.