INJ Surges Past $7.50 on Solana Listing and ETF Filing
Injective (INJ)
Editor:
Eugene Serbin
cryptotimes.io reports that Injective’s INJ token traded at $7.53 on September 19, 2026, marking a 14.4 percent rise over the previous 24 hours. This price action followed the token becoming available as a native SPL token on Solana, listed via Sunrise and Backpack Securities. The listing allows users to trade and provide liquidity directly on the Solana network without relying on cross-chain bridges.
Simultaneously, 21Shares US filed an S-1 update for an Injective exchange-traded fund targeting a Nasdaq listing under the ticker TINJ. The proposed fund will use the FTSE Injective Index as its pricing benchmark and name BNY Mellon as its administrator and custodian. CoinGecko data from 4:30 p.m. UTC showed a 24-hour trading range between $6.54 and $7.77 with a volume of $256.711 million.
The circulating and total supply both stood at 100 million tokens, with treasury holdings at 7,170,647 INJ. The broader market also rose, with Bitcoin climbing above $80,000 to $81,383. This activity occurred after an accelerated network upgrade completed on August 31, 2026, which secured the chain following an exploit in limited ecosystem applications. The upgrade ensured the protocol and consensus mechanism remained uncompromised.
How the market reacted
Whalio's own Binance spot order flow for INJ, measured when this story was written up on 19 September 2026. Not the outlet's figures.
Whalio’s Binance spot data for INJ shows a price of $6.68 with a 1-hour buy ratio of 50.7 percent and a 4-hour buy ratio of 55.1 percent. These short-term ratios exceed the 24-hour buy ratio of 52.1 percent, indicating that buying pressure is currently building rather than fading. The volume delta reflects this momentum, showing positive inflows of $23,478 over the last hour and $604,992 over the last four hours. Over the full 24-hour period, the volume delta stands at $1,035,009, with a cumulative volume delta (CVD) of $351,829 at the close. This data suggests that net buying activity has occurred for 10 out of the last 24 hours, supported by a spot volume of $25,748,475 across 421,951 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.
Comparing the current activity to the preceding week, the latest 24-hour buy ratio of 52.1 percent is 2.8 points higher than the 7-day average of 49.3 percent. This day represents an unusual level of buying interest, as the spot volume of $25,748,475 is 2.84 times the weekly average. While the coin experienced net buying on 3 of the last 7 days, the current volume delta of $1,035,009 contrasts with the 8-day total volume delta of -$199,951. The price change over the 8-day period stands at 16.3 percent, highlighting a recent upward trend. These figures indicate that the current trading day is significantly more active and buy-heavy than the typical daily average for this coin.