Injective token eyes $5.45 breakout amid community buyback and token burn

Injective (INJ) remains above a key support zone around $4.70, with the token trading at $4.91 and a market cap of about $491 billion. Analysts note that holding this support could lead to a breakout above the recent high of $5.45, targeting further upside. The network’s community buyback program has burned 27,400 INJ tokens, reducing supply and reinforcing its deflationary tokenomics.

Separately, Injective announced a Growth Marketing Manager position for its soon‑to‑launch trading app. The role will oversee go‑to‑market campaigns, user acquisition, activation, and retention, working with product and business‑development teams to drive adoption of the new platform.