Injective (INJ) Explodes to a 1-Year High: Has Its Bull Run Begun?

"Pay attention to INJ before the train leaves," MikybullCrypto said. The cryptocurrency market returned to the green track today (October 16), with numerous leading digital assets posting substantial rebounds. However, the day’s top performer isn’t Bitcoin (BTC) or Ethereum (ETH), but the altcoin Injective (INJ), which pumped by 27%. Here’s what triggered the rally and what may come next. Catalysts and Predictions Just hours ago, INJ jumped to almost $9.20 (per CoinGecko), the highest level since October 2025. The asset’s market capitalization soared above $920 million, making it the 85th-largest cryptocurrency after overtaking Pi Network (PI). The main reason for the surge appears to be a meeting in Washington between Injective’s CEO, Eric Chen, and officials from the White House, the SEC, and the CFTC. “He was joined by our General Counsel, Head of Policy, and Head of Research. Injective has quietly built the foundation for tokenization to thrive in America, inside the regulatory framework and in direct collaboration with the U.S. government and major regulatory bodies,” Injective revealed on its X account. CoinGecko disclosed additional potential catalysts, including stakers’ vo...