Injective activates first meme perp treasury for RUNNER token

Most meme coin treasuries do one thing: sit there. RunUp’s RUNNER token has decided its treasury should trade instead. The project announced that the first perpetual treasury on Injective is now live. It opened with a $9,086 INJ position at 2x leverage, and all profits are slated to go toward buying back and burning RUNNER. How the RUNNER treasury works The setup is simple to describe. RUNNER’s treasury holds a fixed 2x long position in INJ, the native token of the Injective blockchain. A 2x long means the treasury gains or loses roughly twice what INJ moves. If INJ rises, the position profits faster than simply holding it would. If INJ falls, losses arrive faster too. The trades run through Injective’s Request for Quote, or RFQ, system. In an RFQ model, a trader asks for a price and market makers respond with quotes, rather than the order hitting a public order book directly. The treasury uses profits to purchase RUNNER on the open market and permanently destroy those tokens, reducing how many exist. The launch numbers RunUp launched on October 1, 2026, with public trading of RUNNER starting that same day. Before going public, the project ran a whitelist phase with 333 spots. Inte...