Why Is JTO’s Price Pumping?
The price of Jito aka JTO is $3.5today with a 24hour trading volume of 850 million dollar. which represents a 25% price increase in the last 24 hours with a circulating supply of 120 Million JTO, Jito is valued at a market cap of 400 million dollar.
Jito is Solana based liquid staking protocol, kicked off a long awaited airdrop event that distributed 90 million JTO governance tokens to users.Valued at approximately $165 million at the time, the Jito airdrop rewards users for staking and lending the protocol’s liquid SOL token, JitoSOL.
Jito lets users stake Solana in exchange for JitoSOL, a liquid token that can be freely traded or used as collateral in defi protocols.Along with competitor Marinade, Jito makes up one of Solana’s largest liquid staking platforms, each boasting around $400 million in total value locked, according to DefiLlama data.
the dominant liquid staking protocol, Lido, has accumulated a TVL of $21.45 billion on Ethereum.The airdropped JTO token will govern Jito’s newly formed DAO and manage its substantial $490 million treasury. The token allocation was based on a points system tied to JitoSOL balances and lending activity. According to Blockworks Research’s Dan Smith, as cited in a recent article, moving just $40 of JitoSOL could have earned users up to $10,000 in JTO.
the limited distribution and supply constraints seem to be fueling speculative interest in JTO in the wake of its Binance listing. With the majority of tokens held in just 10,000 wallets and no unlocking until 2024, demand is likely far outstripping supply at the moment. Traders may be trying to front-run the potential selling pressure when the 10,000 airdrop recipients eventually take profits
we are up over 100% and the next target is 3.9$, if you looking for crypto gems you can always count on our experts
The price of Jito aka JTO is $3.5today with a 24hour trading volume of 850 million dollar. which represents a 25% price increase in the last 24 hours with a circulating supply of 120 Million JTO, Jito is valued at a market cap of 400 million dollar.
Jito is Solana based liquid staking protocol, kicked off a long awaited airdrop event that distributed 90 million JTO governance tokens to users.Valued at approximately $165 million at the time, the Jito airdrop rewards users for staking and lending the protocol’s liquid SOL token, JitoSOL.
Jito lets users stake Solana in exchange for JitoSOL, a liquid token that can be freely traded or used as collateral in defi protocols.Along with competitor Marinade, Jito makes up one of Solana’s largest liquid staking platforms, each boasting around $400 million in total value locked, according to DefiLlama data.
the dominant liquid staking protocol, Lido, has accumulated a TVL of $21.45 billion on Ethereum.The airdropped JTO token will govern Jito’s newly formed DAO and manage its substantial $490 million treasury. The token allocation was based on a points system tied to JitoSOL balances and lending activity. According to Blockworks Research’s Dan Smith, as cited in a recent article, moving just $40 of JitoSOL could have earned users up to $10,000 in JTO.
the limited distribution and supply constraints seem to be fueling speculative interest in JTO in the wake of its Binance listing. With the majority of tokens held in just 10,000 wallets and no unlocking until 2024, demand is likely far outstripping supply at the moment. Traders may be trying to front-run the potential selling pressure when the 10,000 airdrop recipients eventually take profits
we are up over 100% and the next target is 3.9$, if you looking for crypto gems you can always count on our experts
Trade active:
we hit 3.9$, the next target is 4.3$
Comment:
we hit 4.3$, the next target is 4.5$
Comment:
Jito has teased that "JIP-1" proposal will be up for voting soon
Trade active:
we hit all targets
