JTO, the native token of Jito, has spiked 30% since Upbit introduced it is going to be itemizing the Solana-based coin on Feb. 21 at 14:30 KST.
In keeping with a latest discover, Upbit can be including buying and selling assist for the Jito native token ranging from Feb. 21 at 14:30 KST. The token can be out there for buying and selling on the Korean gained market.
Shortly after Upbit introduced its itemizing the Jito (JTO) native token spiked as excessive as 28%, reaching a worth of $3.49 in accordance with knowledge from crypto.information. At press time, the token is buying and selling arms at $3.17, having gone down by 3.5% prior to now hour.
Up to now few days, the token has not seen a lot motion in its worth, solely rising barely by 0.92% prior to now week and 5.48% prior to now month. In keeping with the Upbit discover, the day gone by’s closing worth for JTO was 4,136 Korean gained or equal to $2.88.
Worth chart for Jito reveals a spike in buying and selling worth after its Upbit’s itemizing, February 21, 2025 | Supply: crypto.information
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Jito’s buying and selling quantity additionally noticed a major increase prior to now 24 hours, rising by 425.5% in comparison with the earlier buying and selling day. This means that extra merchants at the moment are shopping for and promoting the token. JTO has a market cap of $925 million, simply shy of reaching a billion. In the meantime, its totally diluted valuations stands at $3.2 billion and a circulating provide of 296 million tokens.
Purchase orders for JTO can be restricted to round 5 minutes after buying and selling assist begins. Whereas all varieties of orders, excluding restrict orders, can be restricted for one hour after the alternate begins buying and selling assist. Promote order costs are capped at a minimal of 10% lower than the day gone by’s closing worth.
Jito is called the largest liquid staking venture on Solana, with a TVL of 15.12 million SOL or equal to $2.6 billion in accordance with its web site. As beforehand reported on Jan. 29, Jito rose to change into the third largest crypto venture by charges with $63 million, falling solely behind Tether (USDT) and Tron (TRX).
Jito launched its native token, JTO, in November 2023 as a governing token and to develop liquidity for the Solana-based protocol.
Learn extra: Jito flips Ethereum, Uniswap, and Solana on a vital metric
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