Why Is Injective (INJ) Up 19.79% Today, September 8, 2026? $1B Mortgage Tokenization and Pineapple’s INJ Treasury Drive Rally

INJ outperformed a slightly weaker broader crypto tape, rising ~20% on unusually high turnover, signaling strong participation. The move is supported by a tangible fundamental catalyst: Injective's report that Pineapple Financial has tokenized over $1B in mortgage records onchain and maintains a sizable INJ treasury with staking. Elevated derivatives open interest and positive funding suggest leverage is contributing, increasing volatility sensitivity if spot demand fades.