Pineapple Financial don launch $100M INJ Treasury to buy INJ
Pineapple Financial, one Canadian fintech wey dey NYSE American (PAPL), don launch $100 million digital asset treasury wey dem dey use gather Injective native token, INJ. According to Injective announcement for X, dem go dey use the funds for the next weeks and months to build wetin dem talk say na the biggest INJ reserve worldwide. The initiative dey get support from big traditional and crypto investors like FalconX, Monarq, Abraxas, Blockchain.com, Canary Capital, Kraken, and Injective Foundation. Pineapple Financial, wey dem start for 2015, dey run over 700 mortgage brokers and dem dey use AI and cloud-based platforms MyPineapple and Pineapple+ to make lending better. Injective na Cosmos SDK–based layer-1 blockchain wey dey offer decentralized derivatives trading through order-book model. INJ token dey used for governance, staking, and transaction fees, and e dey trade around $13.35 with market cap about $1.3 billion for exchanges like Binance and OKX.
Bullish
Pineapple Financial dey commit $100 million to dey gather INJ show say big insitution dey believe well well and e dey create strong pressure for people wey wan buy. Di support wey big investors like FalconX and Kraken dey provide dey give more trust for di project. History don show say dis kain big treasury build for oda protocols fit cause short term price increase as market dey respond to big padi (whale) dey buy. For long term, correct capital reserve go provide steady support, better liquidity, and reduce wahala for INJ price. Overall, dis news fit make price rise, e go boost quick momentum and market stability for INJ.