INIT up 74.22% within 24 hours, briefly touching 0.244 USDT

INIT up 74.22% within 24 hours, briefly touching 0.244 USDT

2026-11-10 15:46

ChainThink report, on November 10, market data shows that Initia (INIT) briefly touched 0.244 USDT, now trading at 0.22 USDT, with a 24-hour price surge of 74.22%.

Over the past 24 hours, INIT spot trading volume reached $33.14 million, surging approximately 1400.58% compared to the previous period; perpetual contract trading volume hit $883 million, increasing by roughly 3319.16%.

According to Coinglass data, INIT's weighted funding rate for perpetual contracts stands at -1.8253%, with approximately $2.56 million in liquidations over the last 24 hours.

An incident occurred on Initia today: attackers exploited leaked Rollup infrastructure keys to forge IBC transfers, resulting in around 605,000 USDC flowing out via Noble, along with approximately $10,000 worth of other tokens.

The Initia L1 network was paused at 14:18 UTC on November 10 following coordination with validators.

Disclaimer: Contains third-party opinions, does not constitute financial advice

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