According to the latest data from KuCoin, the native token of the modular blockchain network Initia, INIT, has fallen more than 94% from its all-time high, sparking debate on whether the token has found a bottom or is poised for further declines.
Overview of Initia Protocol
Initia is a modular blockchain built on the Cosmos SDK, designed to achieve cross-chain interoperability and scalability through an innovative architecture. Its native token, INIT, is used for governance, transaction fees, and staking. Since its launch, INIT has experienced a full cycle from euphoria to deep correction.
Price History and Key Metrics
KuCoin's official FAQ reveals that INIT's all-time high (ATH) was $1.44, while the current price hovers around $0.06, representing a staggering decline of 94.21%. The token has risen approximately 46.10% from its all-time low of $0.06, indicating that the current price is near the historical bottom.
As of May 25, 2026, the circulating supply stands at 196,472,767 INIT, with a maximum supply of 1 billion. This means less than 20% of the total supply is in circulation, and future unlocks could exert sustained downward pressure on the price.
Market Impact Analysis
The 94% decline reflects several core issues: overvaluation at the primary market level, intense competition in the modular blockchain sector, and macro headwinds for risk assets. Technically, the $0.06 level has provided strong support. If the project team can achieve breakthroughs in ecosystem development, INIT may see a cyclical rebound.
Investors should closely monitor staking rates, on-chain activity, and the unlock schedule. At $0.06, the current circulating market cap is approximately $11.78 million, which is low among Layer1 projects. However, high inflation (potentially over 100% annualized) will dilute holders, making short-term speculation risky.
Storage and Trading Guide
Users can hold and trade INIT directly via KuCoin's custodial wallet or choose self-custody options such as hardware wallets or third-party services. KuCoin also provides a real-time converter for price tracking.