- Pineapple Financial obtains 678,353 Injective Injection tokens (INJ), which are worth approximately $8.9 million, and starts its $100M digital asset treasury plan..
- A falling wedge drives the current correction in INJ price.
- The injective price rides a long accumulation zone amid the formation of a cup and handle pattern.
On Tuesday, October 7th, the crypto market witnessed a sudden sell-off reflected with a sharp reversal in Bitcoin below the $125,000 mark. A majority of major altcoins, including Injective, followed similar momentum and witnessed a renewed correction force in their price chart. Despite the mounting bearish momentum, the Injective price shows potential for a rebound, fueled by increasing corporate adoption and strategic deployments that could support a near-term rebound.
Pineapple Financial Begins $100M INJ Treasury with $8.9M First Purchase
Pineapple Financial Inc. has launched a new digital asset project via a large acquisition of Injective (INJ) tokens. The fintech company bought 678,353 shares of INJ on the open market, valued at about $8.9 million, in the first stage of a broader $100 million treasury strategy centering on Injective.
The move comes on the heels of a $100 million private placement completed by Pineapple in early September of 2025 to fund its Injective Digital Asset Treasury (DAT). This initial purchase is just the beginning, with the company planning to make additional acquisitions as it grows its holdings. All the INJ tokens that are acquired will be staked on the Injective network, yielding an estimated annual yield of about 12.75%, which significantly outperforms staking returns from Ethereum and Solana at current rates.
Beyond treasury management, Pineapple is looking to incorporate Injective’s decentralized financial tools into the company’s mortgage operations. This integration is over multiple areas, such as data management, servicing, settlement, and tokenization of real-world assets. As the company accumulates more $INJ tokens, it intends to make the staking and treasury activity publicly visible, focusing on being transparent in the execution of its strategy.
This step reflects Pineapple’s interest in leveraging digital assets not merely as an investment vehicle but as an operational backbone for its financial services. The Injective treasury is geared to provide recurring yield as well as enable the company’s larger ambitions for blockchain-enabled mortgage finance.
The company expects to be able to keep up open market purchases in the coming days and weeks, continuing to grow its INJ holdings as well as its on-chain operations. The first batch of tokens is part of a foundational stage in what Pineapple sees as a long-term strategy to combine asset accumulation with decentralized financial infrastructure.
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Injective Price Eyes Major Breakout From This Bullish Pattern
In the last two months, the Injective price has witnessed a brief correction from $16.52 to $12.34, accounting for a 25.2% loss. A look at the daily chart shows this pullback, rebound, and his pullback resonated strictly within two convergent trend lines of a falling wedge pattern. The two trendlines act as dynamic resistance and support for market participants, narrowing the price in a short range for imminent breakout.
With today’s price drop, the INJ price shows a bearish turnaround within the wedge pattern. With sustained selling, the price could extend its correction for another 12.2% and test the bottom trendlines at $10 psychological level. Until the pattern is intact, the Injective price will prolong its ongoing correction trend.
However, a broader trend analysis shows this wedge formation as a temporary correction within the formation of a large cup and handle. This classic reversal pattern typically appears at the tail end of a downtrend, creating a long accumulation zone in a U-shaped recovery.
If these patterns play as intended, the Injective price could rally a 34% to challenge the neckline resistance at $16.65. A potential breakout from this resistance will signal a major change in price direction.
