Cryptocurrency exchange Binance has announced a temporary suspension of deposits and withdrawals for the Injective (INJ) token.
This suspension is implemented specifically to support a planned upgrade of the Injective network. Its primary goal is to bolster the network’s infrastructure by increasing scalability and transaction speed while reducing potential vulnerabilities.
Holders of INJ tokens are strongly advised to monitor official communications from both Binance and the Injective project team for updates throughout this process. Users should avoid initiating any INJ deposits or withdrawals during the suspension window.
Upon successful completion of the upgrade, users can anticipate network improvements including a 30% increase in transaction speed, enhanced security protocols, and expanded overall capacity.
Binance expects to reinstate deposit and withdrawal services for INJ promptly once the network upgrade concludes. The exact timing for resumption will be communicated via official Binance channels; users should check these for the latest information.