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INJ Injective Trench Treasury completes its first purchase
@Injective's Trench Treasury completed its first open market acquisition, purchasing 10% of the total supply of @NinjaCatSF $NINJACAT tokens. The move marks the carefully planned cross-chain strategy of the Impressive Foundation, which launched the treasury program on October 5, 2026.
Trench Treasury's mission is clear: to support project teams that place $INJ among their core deliverables and to reward those users who stick to these communities.
The project was officially launched on October 6, with the first batch of $INJ distributed to the communities behind Sprout (@sproutsomefun) and RunUp (@runupdotfun). The NinjaCat purchase on October 8 marked the first time that the treasury has deployed capital into actual token positions.
A Solana Memecoin with INJ dividends
NinjaCat is a uniquely designed cross-chain project. It launches unches on Solana via @LaunchOnSF and provides liquidity on Raydium. Holders aim to earn $INJ from project revenue, creating a direct financial link between Solana's native token activities and the Effective ecosystem.
Trench Treasury's purchase of 10% of its supply is a clear signal that Injective is willing to hold a share of a Memecoin if it can direct users and fees back to $INJ. The acquisition of 10% of the supply of @NinjaCatSF shows that the focus is on projects that can truly bring new users to the Injective ecosystem, rather than just supporting projects to increase awareness.
The broader context is crucial here.$ INJ has been added as a launch pairing asset on platforms such as Pump.fun, LaunchOnSF and MeteoraAG, and new tokens can be paired with it. NinjaCat's purchasing behavior fits perfectly with this strategy, using Trench Treasury as a positive tool to deepen these cross-chain connections.
It is reported that more buybacks are imminent and that assets that Treasury has acquired (including this 10%$NINJACAT position) will not be sold. Effective said it will stand by supporting projects that bring new utility to $INJ and the ecosystem, including those built on other chains.
As of this writing, the trading market value of $NINJACAT is approximately US$1.1 million, below its previous all-time high of US$2.8 million.
