Injective Announces Second Stockdrop as INJ Price Eyes Bullish Reversal

Injective is bringing back its Stockdrop initiative alongside the October Community Buyback, giving participants a chance to receive tokenized stock rewards alongside their share of ecosystem revenue. The October event reportedly carries a revenue pool worth more than $247,000. The development adds fresh attention to INJ’s token-burning mechanism as crypto analyst CRYPTO ALUCARD highlights its technical strength. With the INJ price previously approaching $9.50, traders are watching whether the token can break through resistance near $10 and extend its recovery. Injective introduced Stockdrop in September 2026, adding tokenized stock rewards to its recurring community buyback program.