Jito (JTO) surged 11.5% after dropping to a low of $0.58 and finding strong buyer support at $0.6. Trading volume rose 42%, and derivatives activity increased sharply, signaling renewed speculative interest. However, profit-taking by some holders led to increased selling pressure, which could limit further gains. To sustain the rally, buyers need to push the Relative Strength Index above 50 and break past the 20-day EMA at $0.67, targeting $0.70, but downside risk remains if sellers dominate.
Jito has proposed a governance change (JIP-38) directing all of the DAO's share of JTX revenue to buy back and permanently burn JTO tokens through at least Q4 2027, with 20% of platform fees reinvested in development. This move aims to increase token...
Jito has introduced JIP-38, a governance proposal making the protocol token-centric by directing all major network revenues to the DAO, governed by JTO token holders. The proposal commits 100% of the DAO's share of JTX platform fees to automatic buyb...
Jito Network has proposed JIP-38, a governance plan to allocate 80% of its revenue share from the upcoming JTX Trade platform entirely to automated buybacks and burns of its JTO token for at least one year. This means all fees Jito earns from JTX Tra...
