Injective (INJ) Price: Rally Extends as CEO Meets US Officials on Tokenization

TLDR INJ traded at $8.71 on Friday, extending an 11% rebound from the previous day. CEO Eric Chen met White House, SEC and CFTC officials on Wednesday to discuss tokenization. Exchange supply fell to 872,500 INJ from 1.26 million INJ, per Santiment. INJ broke above $8.21 resistance, with $10.09 the next level on the chart. CoinGecko reports INJ is up 32.3% this week. Injective (INJ) edged higher on Friday, extending an 11% rebound from the previous day. The token traded at $8.71 at press time. Injective CEO Eric Chen met officials from the White House, the SEC and the CFTC on Wednesday. The talks centered on tokenization and on-chain finance within US regulations. The Injective account on X shared news of the meeting.

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