According to Lookonchain, a trader opened a long position on $INIT 15 hours ago using 2x leverage at an average entry price of $0.638, and is currently holding an unrealized profit exceeding $630,000. This significant position, tracked via hypurrscan.io, highlights strong upward momentum and active large-scale participation in $INIT’s recent price action, suggesting increased volatility and potential liquidity opportunities for traders seeking to capitalize on short-term price swings. (Source: Lookonchain via Twitter, April 25, 2025)

According to Coinbase International Exchange, they will introduce support for Initia perpetual futures trading, scheduled to open on or after 15:00 UTC on April 24, 2025. This development will be available on both Coinbase International Exchange and Coinbase Advanced, providing traders with new opportunities to engage with $INIT. Traders should prepare for potential volatility and strategize accordingly to leverage this new market access.