Binance to Suspend INJ Deposits/Withdrawals for Injective Hard Fork
Binance announced a temporary user-transaction adjustment for the Injective (INJ) network upgrade and hard fork. Starting July 2, 2026, 4:00 PM (UTC time as stated by the exchange), Binance will temporarily suspend INJ deposits and withdrawals to meet technical requirements and protect user experience.
The upgrade and hard fork are expected around block height 172,502,000, roughly at 5:00 PM on July 2, 2026. Binance said it will handle the technical work on users’ behalf, and no extra action is required. Importantly, trading of INJ on Binance is not expected to be affected, so spot and other eligible market transactions can continue. Deposits and withdrawals should resume after the upgrade is complete and the updated Injective network is verified as stable. The exchange indicated no further announcement at this stage.
Neutral
This is likely neutral for overall market direction. Binance is suspending only INJ deposits and withdrawals during the Injective upgrade/hard fork window, while explicitly stating that spot trading and other eligible INJ trading on the platform should continue. That typically reduces immediate liquidity from on-exchange inflows/outflows, which can cause short-term order-book friction or localized volatility around the fork time. However, because trading remains available and the timeframe is well-defined, the broader market often absorbs the event without a sustained trend.
Similar past exchange upgrade announcements usually lead to brief volatility spikes near the scheduled block/time, followed by normalization once deposits/withdrawals reopen and the network is verified. Longer-term impact depends on the Injective upgrade’s success and community/node stability; this article itself focuses on operational exchange mechanics rather than protocol fundamentals, so directional conviction is limited.