Bithumb Halts INJ Deposits and Withdrawals for Mainnet Upgrade

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: Jun 01 2026

INJ-1.676%

IMX+0.628%

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Suspension Timeline: Bithumb has announced a halt on INJ token deposits and withdrawals starting June 4 at 9:30 a.m. UTC, with no specified end time, as similar suspensions typically last until the upgrade is completed and network stability is confirmed.
Upgrade Context: The mainnet upgrade is a routine maintenance event for the Injective blockchain network aimed at introducing new features, enhancing scalability, or patching security vulnerabilities, although specific patch notes have yet to be released.
User Impact: INJ holders are advised to complete any pending transactions before the cutoff time, as deposits and withdrawals will not be processed during the suspension, while trading may continue depending on Bithumb's internal policies, necessitating users to check the exchange's status page for real-time updates.
Standard Operational Measure: Bithumb's temporary suspension is a standard operational measure linked to the Injective mainnet upgrade, and while the interruption may be brief, users should plan accordingly to avoid inconvenience.

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Technical Analysis for INJ

Technical Sentiment Analysis for Injective (INJ). As of , Injective (INJ) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 7 technical signals, shows that 4 indicators are flashing buy, while 3 are indicating sell.

Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for INJ stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.

Support, Resistance & Moving Averages. From a structural perspective, INJ is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.

Injective (INJ) Support & Resistance Level

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	3.575	4.178	4.722	5.325	5.869	6.472	7.016
Fibonacci	4.178	4.616	4.887	5.325	5.763	6.034	6.472

About INJ

Injective is the first and only blockchain built for finance. It is an open, interoperable layer-one blockchain powering next-generation finance applications, including DeFi, RWAs, AI, decentralized exchanges, prediction markets, lending protocols, and more.Injective uniquely provides powerful core financial infrastructure primitives that applications can leverage, including a fully decentralized MEV-resistant on-chain orderbook. Developers can utilize Injective’s plug-and-play modules to rapidly deploy applications that could take years on other chains. Injective is also one of the most interoperable L1s ever created which is fully compatible with major chains such as Ethereum and Solana.Injective also provides a next-generation, highly interoperable smart contract platform based on Wasm 2.0, with advanced interchain capabilities. Injective utilizes a custom implementation of the Tendermint Proof-of-Stake consensus mechanism, providing instant transaction finality with lightning speed – sub second block times (0.6s) while sustaining enormous throughput (25,000+ TPS). Injective currently is also leading new forms of innovation across a number of verticals such as its pioneering work to integrate artificial intelligence with on-chain finance.Injective has achieved a historic milestone of over 1 billion transactions to date with one of the fastest chains built to date. The Injective ecosystem includes 100+ projects and over 500,000 community members globally. Injective was originally incubated by Binance and is also backed by a group of prominent investors including Pantera Capital, Jump Crypto, and Mark Cuban.

About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

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