JTO (Jito) has risen 10.13% in the last 24 hours.

Gate News Bot reports, on September 18, according to CoinMarketCap data, JTO (Jito) is currently priced at $2.02, having risen by 10.13% in the last 24 hours, reaching a maximum of $2.15 and a minimum of $1.79. The 24-hour trading volume has reached $101 million. The current market capitalization is approximately $767 million, an increase of $70.5 million compared to yesterday.

Jito Network provides MEV optimization infrastructure and deep DeFi integration for the Solana ecosystem, offering unparalleled staking efficiency and liquidity. JitoSOL is the most liquid liquid staking token on Solana, combining staking rewards and MEV rewards, providing users with a unique way to maximize returns on Solana. Jito allows validators and their stakers to earn additional MEV rewards, with 96% of the network's staking weight running the Jito-Solana validator client.

Important news about JTO recently:

1️⃣ Jito large token transfer sparks market attention On September 16, Jito transferred JTO tokens worth $8 million from its independent custody address. This transfer has attracted significant attention from the market, as the wallet had been inactive for two years prior. This move may indicate that Jito is about to engage in large-scale trading in the market or has major developments ahead.

2️⃣ JTO Token Economics Update Plan Released The Jito Foundation announced an update to the JTO token economics on September 4. This initiative aims to optimize the token distribution and utilization mechanisms, which may positively impact the long-term value and ecosystem development of JTO. The specific details of the update have not yet been disclosed, and the market remains highly attentive to this.

3️⃣ The increase in liquidity of large tokens may affect short-term prices As $8 million worth of JTO tokens are transferred, the market expects this portion of tokens may enter the exchange. The increase in the liquidity of a large number of tokens may put some pressure on the JTO price in the short term, and investors should closely monitor the subsequent market reactions.

The recent rise in JTO price may be related to the tokenomics update plan, but large token transfers have also brought uncertainty to the market. Investors should pay attention to the subsequent movements of the Jito team and the flow of tokens to assess their potential impact on JTO price.

This message does not constitute investment advice; investors should be aware of market volatility risks.