Injective (INJ) is experiencing a notable resurgence, currently ranking as the second most engaged AI coin according to LunarCrush. The project has seen its Open Interest increase by $20 million over two days, indicating a 22% boost in market activity. Additionally, Injective has launched a governance proposal for its INJ 3.0 phase, which aims to significantly reduce the supply of the $INJ token. In the broader cryptocurrency market, the memecoin $PEPE has recently entered the top 20 by market capitalization, while $BONK has made its way into the top 50. The memecoin $SPX has emerged as the biggest gainer among the top 100 tokens, surging by 36.33% in the last 24 hours, reaching a price of $1.23. Overall, the cryptocurrency market is showing signs of bullish sentiment, with various tokens experiencing substantial gains.