Injective (INJ) is trading at $5.09 as of July 23, 2026, reflecting recent downward pressure in the cryptocurrency market. The token has experienced notable losses over multiple timeframes: INJ maintains a market capitalization of approximately $509 million, with a fully diluted valuation matching this figure given the token's fully circulated supply of 100 million tokens. Trading volume over the past 24 hours reached $68.9 million, indicating moderate liquidity in the market.