Injective jumps 27% in a day, leaving NEAR and Sei behind

INJ outran rival layer-1 tokens as a proposed 21Shares fund that would hold and stake the token keeps traders focused on ETF approvals Injective ’s INJ token had the kind of day most layer-1 networks only see in their pitch decks. On October 16, 2026, INJ climbed between 23% and 28% over 24 hours, pushing intraday prices above $9.10. That move put it well ahead of the broader layer-1 pack, including NEAR , Sei and Cosmos Hub . Trading volume also jumped above normal levels, which suggests this was more than a few wallets nudging a thin order book. The most important catalyst appears to be 21Shares. Around September 18, 2026, the asset manager amended its filing for an Injective ETF.

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