Injective activates first meme perp treasury for RUNNER token
- —RUNNER's treasury holds a $9,086 2x long INJ position executed through Injective's RFQ system
- —All profits from the position are used to buy back and burn RUNNER on the open market
- —The launch was approved through Injective governance Proposal #704 for the Native Factory and Native Treasury contracts
- —Public trading of RUNNER started on October 1, 2026, with total supply capped at 1 billion tokens
Why it matters: The treasury ties INJ price action directly to RUNNER's supply, but buybacks are conditional on profits and 2x leverage amplifies drawdown risk.
Source: Crypto Briefing
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