Injective surges 16% as Binance US launches INJ staking for users

Injective's price surged by double digits over the past 24 hours on Friday, with the rally pushing the altcoin to an intraday high of $6.36.

The gains come amid the rollout of INJ staking on Binance US, a development that has coincided with renewed liquidity flows across the Injective ecosystem.

At the time of writing, Injective was outperforming Bitcoin, Ethereum, and XRP as the broader cryptocurrency market attempted to recover from Thursday's sell-off amid geopolitical uncertainty.

INJ staking launches on Binance US

Binance has officially launched INJ staking for users in the United States. The new offering allows holders to stake their tokens, support network security, and earn rewards in return.

INJ joins a growing list of major cryptocurrencies available for staking on the exchange, including Ethereum, Solana, BNB, and Cardano.

Exchange staking can reduce the amount of tokens immediately available for spot trading, a dynamic that markets often view as bullish.

Meanwhile, DeFiLlama data shows Injective's total value locked (TVL) increased by more than 6% over the past 24 hours, pointing to stronger on-chain activity and fresh capital inflows following the staking announcement.

Even so, current TVL of roughly $28.6 million (approx. £21.6 million) remains below this year's highs above $46 million (approx. £34.8 million) and well short of the nearly $203 million (approx. £153.7 million) peak recorded in April 2024.

INJ price extends recent gains

Injective's 16% gain over the past 24 hours has seen the token retest and break above recent highs.

The altcoin reclaimed the $6.00 level earlier this week after rebounding from lows of $4.43, which were reached during the broader market pullback in mid-May.

Notably, the breakout above resistance around $5.60 followed the launch of Circle's USDC on Injective.

The arrival of native USDC gives users direct access to the stablecoin across the Injective ecosystem, including applications tied to tokenized stocks and pre-IPO assets.

The availability of regulated INJ futures on Bitnomial has also coincided with the token's recent resilience.

On Friday, INJ touched a high of $6.36, marking its strongest level since November 2025. Daily trading volume climbed 18% to more than $190 million (approx. £143.8 million).

Injective price technical outlook

From a technical perspective, bulls may target resistance around the $7.00 level. A decisive move above that area could pave the way for additional upside.

The daily RSI has moved into overbought territory, although it does not yet appear excessively stretched.

Conversely, the token could revisit support below $6.00 if momentum fades.

Key demand zones remain clustered around $5.00, an area that previously acted as a consolidation base and could help limit downside if market sentiment weakens.

In the near term, traders may need to account for profit-taking following the sharp rally.

INJ has already retreated from its intraday highs as risk-off sentiment linked to geopolitical developments continues to influence broader markets.