Injective's Trench Treasury Makes Its First Buy The @injective Trench Treasury has made its first open-market purchase, acquiring 10% of the total supply of @NinjaCatSF$NINJACAT tokens. The m
The @injective Trench Treasury has made its first open-market purchase, acquiring 10% of the total supply of @NinjaCatSF$NINJACAT tokens. The move signals a deliberate cross-chain strategy from the Injective Foundation, which launched the treasury on October 5, 2026.
The Trench Treasury's mandate is straightforward: back teams that put $INJ at the center of what they ship, and reward the people who stayed in those communities.The program officially kicked off on October 6, with initial $INJ distributions going to the communities behind Sprout (@sproutsomefun) and RunUp (@runupdotfun). The NinjaCat purchase on October 8 marked the first time the treasury deployed capital into an actual token position.
NinjaCat is a cross-chain project with an unusual design. It launched on Solana through @LaunchOnSF, with liquidity on Raydium.Holders are intended to earn $INJ from project revenue, creating a direct financial link between Solana-native token activity and the Injective ecosystem.
The treasury buying 10% of supply is a clear signal that Injective is willing to own a piece of a Solana memecoin if that memecoin routes people and fees back to $INJ.Acquiring 10% of @NinjaCatSF shows the focus is on communities that can actually bring new users into the Injective ecosystem, rather than simply supporting projects for visibility alone.
The broader context matters here. $INJ has been added as a launch pairing asset on platforms including Pump.fun, LaunchOnSF, and MeteoraAG, where new tokens can launch paired with INJ. The NinjaCat buy fits neatly into that strategy, using the Trench Treasury as an active instrument to deepen those cross-chain ties.
More buybacks are reportedly coming, and assets already acquired by the treasury, including the 10% $NINJACAT position, will not be sold.Injective has stated it will stand alongside projects that bring new utility to $INJ and the ecosystem, including those building on other chains.
At the time of writing, $NINJACAT was trading at a market cap of approximately $1.1 million, down from an all-time high of $2.8 million.
Sources:Crypto Briefing: Injective Trench Treasury goes live with first INJ rewardsInjective Blog: How to Launch and Find Tokens with INJ on StonkFunCoinMarketCap: Injective (INJ) Surges Amid Multiple Catalysts
