Initia's INIT falls 71% from its day high to $0.113, below where its rally began
INIT touched $0.392 in the past 24 hours, then slid to about $0.113 by 10:05 p.m. ET on November 11. That is lower than its price before the November 9 surge, with traders swapping three times its market value in a day.
Key points
- CoinGecko showed INIT at about $0.113 at 10:05 p.m. ET on November 11, 2026, down 58% in 24 hours and 71% below the 24-hour high of $0.392.
- The price is now under the roughly $0.123 to $0.130 where INIT traded on the morning of November 9, before a two-day rally.
- Volume was about $78 million in 24 hours, about 3.2 times INIT's market value of $24.8 million. Binance's USDT and Turkish lira pairs carried about 47% of it.
The drop
Initia's token INIT traded at about $0.113 at 10:05 p.m. ET on Wednesday, November 11, 2026, according to CoinGecko. That is down 58% in 24 hours and 71% below the 24-hour high of $0.392. INIT was the number three trending coin on CoinGecko late Wednesday.
The fall wiped out a two-day run. On the morning of Monday, November 9, INIT traded between about $0.123 and $0.130. By early Tuesday it was above $0.21, a move we covered in our earlier story. New to these numbers? Our guide on market cap versus FDV explains them.
Hour by hour
CoinGecko's hourly price samples show the path in ET. They capture the price once an hour, so they miss the exact peak.
INIT near $0.130 before the rally
About $0.224
About $0.315
About $0.337, the highest hourly sample
About $0.217
About $0.137
About $0.113, below the pre-rally level
Where it traded
CoinGecko lists 32 INIT markets with about $89.5 million of combined 24-hour volume. Binance's INIT/USDT pair handled about $22.1 million (25%) and its INIT/TRY pair, priced in Turkish lira, about $19.7 million (22%). BTCC followed with $11.0 million (12%). HTX's last INIT/USDT price was about $0.079, roughly 30% under the other big venues near $0.113, a gap that suggests that market is not trading in line with the rest.
INIT 24-hour volume by market
US$ million
Source: CoinGecko tickers, read November 11, 2026, about 10:05 p.m. ET
Supply and value
CoinGecko lists about 219 million INIT in circulation out of a total supply of 1 billion, about 22%. At Wednesday night's price the market value is about $24.8 million and the fully diluted value about $113 million. INIT is down 21% over seven days and about 92% below its record of $1.42 from May 13, 2025. We found no official explanation from Initia for the swing in the sources we checked, so we do not assign a cause.
LC Insight analysis
This section is our reading of the facts above, not a statement of fact.
- We think the volume figure tells the story. When a token trades more than three times its market value in a day, a price can rise and fall this far in hours, and the round trip below the starting point shows how little of the rally was held.
What's next
- Whether INIT holds near its pre-rally range of about $0.12 to $0.13
- Whether the HTX price gap closes
- Any official statement from Initia
- Daily volume against market value over the next days
Disclaimer. This article is based on public information and the sources listed below as of the update time shown. It is for information only and is not investment, legal or tax advice. Figures may change as companies and authorities publish new data.
