Injective, a blockchain platform, is witnessing notable growth in its ecosystem, particularly with its meme coin $NINJA, which has been highlighted as a leading project. As of January 17, 2025, the price of $INJ is reported at $25.97, reflecting a 15% increase, while the market cap stands at approximately $2.2 billion. The platform has seen a surge in weekly activity, with daily transactions exceeding 6 million and over 9,600 active addresses. The $NINJA token is projected to reach a price target of $0.25, with current discussions suggesting it will not remain below a market cap of $30 million. Additionally, recent metrics indicate that 11,902 $INJ tokens have been burned, contributing to the token's scarcity. The overall transaction volume for $INJ in the last 24 hours reached approximately $209.98 million, further underscoring the platform's growing traction in the decentralized finance (DeFi) space.