Jito (JTO) surged nearly 16% to $0.3314 amid a massive 1000% increase in trading volume, signaling strong buyer interest after a consolidation phase. The breakout above $0.2775 support and rising RSI indicate bullish momentum with room to grow, while open interest nearly doubled, showing increased leveraged bets on further upside. However, sell-side pressure from profit-taking retail traders could cap gains if demand weakens. The rally's sustainability depends on buyers absorbing this selling pressure; otherwise, the high leverage could trigger sharp reversals near resistance levels.
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...
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...
