INIT crypto surges 36% post-launch, edging towards $1 as volume explodes over 45,000%

INIT crypto has experienced a significant surge with its price climbing 36% in the past 24 hours, currently trading at $0.90 and nearing the $1 mark. The dramatic price increase is supported by an explosive 45,000% rise in trading volume, fueled largely by major exchange listings such as Gate.io, which now offers both spot and perpetual contracts. Fresh from a Binance Launchpool event that followed a 6-day farming period involving USD Coin, Binance Coin, and FDUSD, the project allocated 3% of its total supply for rewards and reserved 5% for airdrops to early users and testers. These developments, coupled with leveraged long positions that have resulted in substantial unrealized profits, illustrate the strong market momentum currently surrounding INIT. The airdrop for early participants is still in progress and is scheduled to conclude at 23:59 UTC on the same day, further adding to the coin’s immediate catalysts.