Update
Initia Chain Halted and INIT Token Rips 80.6%
The INIT token on the Initia chain has experienced a significant increase of 80.6% on a $38M trading volume. The chain itself was halted due to an exploit that cost about $2.7M. The INIT token is part of a larger market trend where ETH and BTC are bleeding, with INIT being the top gainer of the day. The market is currently in a Fear state with a Fear & Greed index of 29, indicating a cautious but not panicked market sentiment.