Injective (INJ) Rallies 3.2% as IIP-619 Approval and Institutional Treasury Shift Spark Breakout

Injective (INJ) surged more than 25% in the last 24 hours, hitting local highs of $3.94 as the successful passage of the IIP-619 mainnet proposal coincided with a massive institutional treasury accumulation. While the technical breakout above $3.30 has shifted the short-term structure to bullish, the asset remains within a broader downtrend, leaving traders focused on whether the Real-Time EVM narrative can sustain enough volume to reclaim the $5 psychological level.