JTO, the native token of Jito, surged 14% in 24 hours driven by large whale purchases. However, retail investors have taken over the market momentum, shifting sentiment bearish as they sell off their holdings. This shift is confirmed by negative netflow and a negative funding rate in the perpetual market, indicating more short positions than long. With open interest rising and sellers dominating, JTO faces a likely price decline in the near term as retail traders position for a downturn.
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...
