Injective Meridian Upgrade Targets September 24
Injective (INJ)
Editor:
Eugene Serbin
BitcoinEthereumNews.com reports that Injective’s Meridian mainnet upgrade has entered its final governance voting stage with near-unanimous support, according to proposal 701 on the network’s official governance record. The upgrade was submitted September 18 by a member of the Injective Labs team and has drawn roughly 99 percent support. The event is scheduled to target September 24.
How the market reacted
Whalio's own Binance spot order flow for INJ, measured when this story was written up on 21 September 2026. Not the outlet's figures.
INJ is trading at $7.79 with a 1-hour buy ratio of 54.5% and a 4-hour buy ratio of 55.0%, indicating that buyers are currently outnumbering sellers in the short term. This contrasts with the 24-hour buy ratio of 48.9%, suggesting that the recent buying pressure is building after a more balanced day. Positive volume deltas of +$72,495 (1h) and +$516,527 (4h) show net inflows, while the 24-hour delta of -$462,388 reflects earlier outflows. The Cumulative Volume Delta (CVD) closed at +$695,512 for the 24-hour period, and there were 15 hours of net buying out of 24. Spot volume reached $21,803,675 with 406,690 trades.
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 7-day average buy ratio was 49.5%, making today’s 24-hour ratio of 48.9% only 0.7 points below the average. Volume was 1.39 times the average, indicating an unusual level of activity compared to a typical day. The price increased by 31.9% over 8 days, with a total volume delta of -$148,804. There were 4 days of net buying out of 7 in the weekly period.