Jito (JTO), a Solana infrastructure token, surged 40% this week, reaching $0.78 and approaching the key $1 level. This marks a 4x increase since its February low of $0.2. Analysts are optimistic about further upside, expecting a potential 3x gain as the platform prepares to launch JTX Trade in July, a trading platform similar to Hyperliquid that will direct 80% of its fees to buybacks of JTO tokens. The success of this launch could drive significant buying pressure, but a drop below current support levels could negate the bullish outlook.
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...
