The logic behind JST's price doubling: from governance token to deflationary asset revaluation

JST's countertrend rise is essentially the market re-anchoring its underlying value. If we review the K-line, we can see that the real turning point was the official implementation of the burn proposal last year.
With the execution of the burn proposal, JST entered a substantial deflationary phase. Two large burns have been completed, with over 1 billion tokens sent to the black hole. Currently, more than $31 million in funds are sitting in the pool, waiting for the next buyback wave.
This means JST has crossed from being a simple governance token to a deflationary asset. As long as JustLend continues to operate and generate protocol revenue, these profits will turn into buy orders in the secondary market and then be directly burned. This genuine buyback and burn process provides JST with strong price support and deflationary expectations.
Therefore, this wave of doubling is actually the market re-anchoring JST's value. When a token can stand on its own, its premium logic completely changes. JST is no longer the monotonous governance token it once was; it has become a solid, high-performing asset within the Tron ecosystem!
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