Pineapple Financial Raises $100M to Acquire Injective’s $INJ

Pineapple Financial has successfully raised $100 million to buy $INJ, the native token of Injective. The action demonstrates confidence in the Injective ecosystem’s function in decentralised finance and reflects the growing institutional interest in it. Pineapple Financial strategically positions itself to gain from Injective’s growing use cases spanning DeFi, derivatives, and cross-chain trading solutions with the deployment of new capital.