Injective [INJ] has gained 61% over the past 90 days, as Canadian mortgage company Pineapple Financial announced plans to tokenize a real estate portfolio valued at over $10 billion on the Injective blockchain. The company had previously tokenized over $1 billion of its 29,000 mortgages under the PALPO ticker in early December. Since PALPO launched on December 5th, INJ has rallied from $5.350 to approximately $8.594. Over the past 120 days, approximately $1.35 billion worth of INJ has moved from exchanges to private wallets, while total value locked reached $14.28 million. Three ETF applications tied to INJ are currently pending, which could unlock traditional finance capital for the asset.
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