Injective Fees Drop 88% as INJ Price Stalls Near $4.88
Injective (INJ)
Editor:
Eugene Serbin
cryptocurrency.com.tr reports that Injective is trading at $4.88, pinned near the center of its multi-week range with no clear directional commitment. The outlet notes that broader sentiment is hot with a Fear & Greed Index of 69, yet the total crypto market cap slipped 2.72% to roughly $2.63 trillion. On the daily timeframe, INJ closed between its EMA50 at $4.89 and below its EMA20 at $4.98, while the EMA200 sits lower at $4.72. A daily RSI of 48.23 confirms a market lacking the energy to push into a fresh uptrend despite recovering from deeper weakness.
How the market reacted
Whalio's own Binance spot order flow for INJ, measured when this story was written up on 1 September 2026. Not the outlet's figures.
Whalio data shows INJ trading at $4.93 with a 1-hour buy ratio of 47.2% and a 4-hour buy ratio of 32.9%, compared to a 24-hour buy ratio of 54.6%. This indicates that buying pressure is fading in the shorter timeframes relative to the full day. The 1-hour volume delta is -$8,591 and the 4-hour volume delta is -$873,997, showing net selling in recent hours, while the 24-hour volume delta is +$574,636. Volume delta measures the difference between buy and sell volume; a negative delta means sellers dominated that period, while a positive delta means buyers did. The 24-hour spot volume was $6,301,560 across 83,913 trades, with net buying occurring in only 10 of the 24 hours.
The latest daily buy ratio of 53.4% sits at the 91st percentile of the last 322 days, against a median of 49.8% - among the strongest buying days it has had.
Twenty-four hours later
What INJ did over the 22 hours after the story broke. The market moves for its own reasons; this is what happened, not what the story caused.
Was that an ordinary day?
The same Binance spot measurements for INJ, averaged over the days leading up to the story.
Over the preceding week, the 7-day average buy ratio was 48.3%, making today's 24-hour ratio of 54.6% an increase of 6.3 points above the average. However, volume was only 0.69x the average, indicating significantly lower participation than usual. The coin saw a price change of -13.4% over 8 days, with a total volume delta of -$327,204 for the period. Net buying occurred on only 3 of the 7 days, suggesting this is an unusual day for the coin given the higher buy ratio despite the broader downtrend and low volume.