JTO up 29% as ‘Jito economy’ gains ground: Bulls struggle at $0.70
Jito [$JTO] is up about 29% in the past 24 hours, extending its weekly rally to more than 33%. The daily trading volume has jumped by more than 161.6% to around $123 million, indicating real demand. The growing momentum of the ‘Jito economy’ drives the demand, and here is how it is shaping $JTOs trajectory: ‘Jito economy’ pushing $JTOs price up? Many factors influenced the Jito economy, including staking rewards, buybacks from fees, and increased trading activity. For example, different lending and staking protocols increased the average APY from 4% to 5.58%. However, that of Bybit rose to 7.30%. This represented an 82.5% increase, framing the token as a key Solana [SOL] infrastructure play. This higher yield created a strong incentive to stake $JTO, effectively locking up supply and reducing immediate sell pressure. Source: CoinMarketCap Additionally, there was the introduction of JTX fees, which were going to $JTO holders. Several revenue lines representing the ‘Jito economy,’ including JTX and JitoSOL, influenced $JTOs buybacks. Despite $JTO getting the fee share from JTX right, its core game was still staking, not the exchange trading of perps and the Spot market. JTX needs to achieve actual volume dominance to be compared with the impact of staking rewards. This holder growth was









