Bithumb Pauses INJ Deposits/Withdrawals for Injective Upgrade, Trading Unchanged
Bithumb will temporarily suspend INJ deposits and withdrawals starting 10:00 a.m. UTC for an Injective Protocol network upgrade. INJ spot trading continues without interruption, including INJ/KRW and INJ/BTC pairs.
The end time has not been announced. The exchange says services will resume after backend updates, stability and security checks, and successful integration of the upgraded network.
For traders, the main impact is reduced INJ liquidity movement: you cannot withdraw INJ from Bithumb or deposit new INJ during the maintenance window. This may affect arbitrage flows, custody transfers, and time-sensitive transfers.
Action: complete any urgent INJ withdrawals before 10:00 a.m. UTC, and delay new INJ transfers until Bithumb confirms restoration via its official channels.
Neutral
The news is likely neutral for INJ’s price because spot trading on Bithumb remains active, limiting direct supply/demand disruption in the order book. However, deposits and withdrawals are paused, which can temporarily reduce on-exchange INJ liquidity and slow arbitrage and custody transfers. This may create short-term volatility around the maintenance window as external flows dry up, but any medium/long-term impact should be limited because the pause is framed as a safety precaution during a network integration rather than an asset-risk event.
In the short run, traders who rely on rapid INJ transfers may front-run the cutoff (before 10:00 UTC), increasing near-term activity. After services resume, liquidity should normalize, reducing prolonged effects.