Injective launches native Solana token and Robinhood listing
Injective (INJ)
Editor:
Eugene Serbin
Startupfortune.com reports that Injective has simultaneously expanded its reach by launching INJ as a native SPL token on Solana and listing it on Robinhood. The Solana debut occurred on September 17, 2026, utilizing the Wormhole Labs Sunrise gateway to provide a canonical address across venues like Raydium, Jupiter, and Phantom. This move allows the Cosmos-based chain to access liquidity directly where it already exists, rather than pulling it to its own ecosystem.
Earlier in July, Injective secured a listing on Robinhood Crypto, giving retail users direct access without needing specialized wallets or bridges. The project also filed Form TA-1 with the SEC to register as a transfer agent, aiming to hold legally recognized shareholder records onchain. Two competing ETF filings emerged shortly after, with 21Shares proposing TINJ for Nasdaq and Canary Capital filing for INJS on Cboe BZX.
These institutional efforts coincide with Republic's August 2025 launch of a wallet and launchpad on Injective to facilitate private company investments. Community voting is currently underway on IIP-701, the Meridian mainnet upgrade designed to enable regulated firms to issue tokenized stocks and real-world assets. The strategy targets both DeFi-fluent traders on Solana and retail users on Robinhood to drive adoption across different segments. This coordinated push aims to establish Injective as a hub for derivatives and real-world asset trading before broader market scrutiny increases.
How the market reacted
Whalio's own Binance spot order flow for INJ, measured when this story was written up on 2 October 2026. Not the outlet's figures.
Whalio spot data for INJ shows a price of $7.36 with a 1-hour buy ratio of 58.4% and a 4-hour buy ratio of 56.8%, indicating strong short-term buying pressure. This contrasts with the 24-hour buy ratio of 49.7%, suggesting that recent buying activity is accelerating compared to the broader daily trend. Positive volume deltas of $67,905 over 1 hour and $187,981 over 4 hours confirm active accumulation in the immediate term. However, the 24-hour volume delta is negative at -$43,664, showing that net buying has weakened over the full day. The cumulative volume delta (CVD) closed at +$213,605, reflecting that net buying occurred for 15 of the last 24 hours. Spot volume reached $8,847,264 with 120,637 trades, highlighting active market participation.
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.
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 average buy ratio was 49.3%, making the current 24-hour ratio of 49.7% only marginally higher by 0.4 points. Spot volume for the day was 0.58x the weekly average, indicating significantly lower trading activity than usual. The coin experienced an 8-day price change of -8.5%, with a total volume delta of -$1,256,242 over that period. Net buying occurred on only 4 of the 7 days, confirming a generally bearish weekly trend. This day represents a slight uptick in buying intensity relative to the weekly average, but volume remains subdued compared to typical activity.