INIT Crypto Surges 30% on Binance: Trader Makes $1.2M Profit
2025-04-25 08:51:05Initia (INIT) Token Surges 30% on Debut as Binance Launchpool Hype Fuels Market Frenzy
A Trader’s $1.2 Million Windfall and the Rise of a New Layer-1 Contender
April 25, 2025 — The cryptocurrency market witnessed another explosive debut this week as Initia (INIT), the 68th project on Binance Launchpool, surged 30% within hours of its listing. The Layer-1 blockchain, designed to enhance appchain deployment and liquidity, has quickly captured trader attention—particularly after one Hyperliquid trader reportedly turned a modest stake into a $1.2 million profit in a single day.
But what’s driving the frenzy around INIT? The answer lies in Binance’s aggressive launch strategy, a $2.64 billion reward ecosystem dominating the market, and a carefully structured tokenomics model that has traders betting big on its long-term potential.
The Binance Launchpool Effect: How INIT Captured the Spotlight
A Six-Day Farming Frenzy
Initia’s journey began on April 18, when Binance opened staking for INIT tokens across three pools: BNB, FDUSD, and USDC. Over 30 million INIT (3% of total supply) were allocated as rewards, with no platform fees—a move that attracted massive participation.
BNB Pool: Hard cap of 17,708.33 INIT/hour
FDUSD Pool: 1,041.66 INIT/hour
USDC Pool: 2,088.33 INIT/hour
By the time farming concluded on April 23, Binance had solidified its dominance in launch rewards, having distributed 94% of all centralized exchange airdrops in 2024.
The Listing Boom: INIT Goes Live on Major Exchanges
On April 24 at 11:00 UTC, INIT officially debuted on Binance with trading pairs including INIT/USDT, INIT/USDC, INIT/BNB, INIT/FDUSD, and INIT/TRY. Competitors like MEXC, Bybit, Gate.io, and KuCoin quickly followed, amplifying liquidity and speculative interest.
The immediate 30% price surge was fueled by:
Low Initial Circulating Supply: Only 14.88% (148.75M INIT) was unlocked at launch.
Strategic Vesting: Developers and early investors face a 4-year lockup, reducing sell pressure.
Perpetual Contracts: Binance offered 50x leverage on INIT, attracting high-risk traders.
The Hyperliquid Trader’s $1.2 Million Gamble
A High-Stakes Bet Pays Off
While retail traders scrambled for INIT tokens, one Hyperliquid trader made headlines by securing a massive position early. According to reports, the trader capitalized on INIT’s volatility, exiting with a $1.2 million profit after the token’s initial pump.
This mirrors past Binance Launchpool successes like Saga (SAGA) and Etherna (ETHERNA), where early participants saw median APYs between 11% and 436%.
Why Experts Are Watching Initia Closely
A New Layer-1 with Institutional Backing
Initia isn’t just another meme coin—it’s a modular blockchain with $25 million in funding from Theory VC, Delphi Ventures, and Hack VC. Its key innovations include:
Enshrined Liquidity: A mechanism to boost DeFi interoperability.
Interwoven Stack: Simplifies appchain deployment.
Market Impact and Future Risks
While INIT’s debut has been bullish, analysts caution:
Token Unlocks: 30.25% of supply is reserved for developers and investors, with 1-year cliff + 3-year linear release.
Leverage Risks: 50x perpetual contracts could lead to liquidations if volatility spikes.
What’s Next for INIT?
Short-Term Trading vs. Long-Term Utility
With 5% of supply airdropped to early testers and 6% allocated to Binance’s launch campaign, INIT’s price action may remain volatile. However, if Initia’s tech gains adoption, it could emerge as a serious Ethereum competitor.
Final Thoughts: A High-Reward, High-Risk Play
Initia’s launch exemplifies Binance’s ability to move markets. For traders, the key will be navigating unlocks and leverage carefully. For investors, the real test is whether Initia can deliver on its appchain vision.
Share your thoughts on our X: Will INIT sustain its rally, or is this another launchpool bubble?
Disclaimer: The information provided in this section is for reference only and does not represent any investment advice or the official views of FameEX.