INJ Nuked 9% Leading the Alt Massacre — The Modular Hype Is Dead

Injective just got absolutely demolished — down 9.1% to $3.16, leading losses across the entire top 15. But INJ is not alone. The entire alt complex is getting wrecked while BTC dominance climbs to 55.9%.

The Carnage Leaderboard

DOGE: $0.09 (-6.4%). ADA: $0.26 (-5.9%). SUI: $0.85 (-5.9%). OP: $0.12 (-5.9%). AVAX: $8.26 (-5.3%). Everything with "modular" or "L2" in its narrative is getting sent to the shadow realm.

Why Alts Are Getting Wrecked Harder

This is textbook alt season in reverse. When fear hits extreme levels (the index is at 8 right now), capital flees to BTC first. Alts get the double whammy — they lose value against USD AND against BTC. ARB at $0.09 is down 3.9% which sounds mild until you realize it is already down 95%+ from ATH.

The Modular Narrative Collapse

TIA at $0.30 (-3.7%) tells you everything about where the modular thesis stands. Celestia was supposed to be the future of blockchain scalability. Now it is a $0.30 token. INJ was the DeFi hub for cosmos. Now it is sub-$4. The narratives that drove 2024 speculation are being violently repriced.

Until BTC dominance peaks and reverses, alts are not investable — they are just leveraged BTC bets with extra steps and worse liquidity.