INIT (Initia) has pumped 20.56% in the last 24 hours.

Gate News Bot news, July 3rd, according to CoinMarketCap data, as of the time of writing, INIT (Initia) is currently priced at $0.48, with a rise of 20.56% in the last 24 hours, reaching a high of $0.49 and a low of $0.39. The current market capitalization is approximately $71.8 million, which is an increase of about $1.23 million compared to yesterday.

Initia is a multi-chain ecosystem designed to unite full-stack applications and unlock value through interconnected infrastructure and coordinated economic models. The project provides a "paradise"-like environment for developers to build and for users to engage. Initia's ecosystem includes multiple interconnected applications and services, emphasizing the concepts of its "interwoven stack" and "interwoven economy."

Recent important news from INIT:

1️⃣ Initia mainnet officially launched The Initia project has reached an important milestone, with its mainnet officially launched and operational. This marks a new development stage for the Initia ecosystem, providing developers and users with a more mature and stable infrastructure. The launch of the mainnet is expected to attract more projects and users to participate, further expanding the scale of the Initia ecosystem.

2️⃣ INIT Token Airdrop Event Launched With the mainnet launch, the Initia project has simultaneously launched the airdrop activity for the INIT token. Eligible users can claim the allocated INIT tokens. This initiative helps to expand the holder base of the INIT token, increase community participation, and inject new liquidity into the INIT token.

3️⃣ Gate exchange adds INIT trading pair Gate exchange announced the launch of the INIT trading pair, providing a new trading channel for the INIT token. This not only increases the liquidity of INIT but also enhances its market exposure, which is beneficial for attracting more investors' attention and participation in the Initia ecosystem.

From a technical perspective, the price of INIT has seen a significant rise in the short term, which may be related to the increased market attention brought about by the mainnet launch and airdrop activities. However, investors should still be wary of the volatility risks that new projects may face and closely monitor the project's subsequent developments and market reactions.

This message is not intended as investment advice; investors should be aware of market volatility risks.