RunUp has introduced the first perpetual treasury on the Injective blockchain for its RUNNER token. The setup differs from traditional static meme coin treasuries by actively trading through a leveraged position, with all profits allocated toward buying back and permanently burning RUNNER tokens.
How the RUNNER Treasury Operates
The RUNNER treasury holds a fixed 2x long position in INJ, the native token of the Injective blockchain. With a 2x long configuration, the treasury gains or loses approximately twice the movement of INJ. These trades are executed using Injective’s Request for Quote (RFQ) system, where market makers provide quotes in response to price requests rather than routing trades through a public order book.
When the treasury generates profits, those funds are used to purchase RUNNER on the open market and destroy the tokens to reduce the circulating supply. The treasury opened with a $9,086 INJ position at 2x leverage.
Launch History and Token Allocation
RunUp launched on October 1, 2026, with public trading of RUNNER beginning on the same day. Prior to public release, the project conducted a whitelist phase with 333 spots, which drew between 10,000 and 15,000 sign-ups.
The total supply of RUNNER is capped at 1 billion tokens, distributed as follows:
- 27.5% to whitelist participants
- 41.5% to the public bonding curve
- 26% to the liquidity pool
- 5% to an airdrop
The perpetual treasury receives funding when RUNNER reaches its target breakout point at an approximate $81,000 fully diluted valuation. At that milestone, launch capital is split 85% to liquidity and 15% to the perpetual treasury.
Governance Approval
The project secured approval through Injective’s governance process via Proposal #704. The vote authorized RunUp’s Native Factory and Native Treasury contracts, with the factory managing token creation and the treasury contract overseeing the on-chain futures positions.
