JTO’s Wild Ride: From Zero to Hero in Just One Listing! 🚀

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Ah, JTO, the native token of Jito, has decided to throw a party, spiking a whopping 30% since Upbit announced it would be listing this Solana-based gem on February 21 at 14:30 KST. 🎉 Who knew a little announcement could make a token feel like a celebrity at a red carpet event?

According to a recent notice (because who doesn’t love a good notice?), Upbit will be adding trading support for our dear Jito token starting from the aforementioned date and time. And guess what? It will be available for trading on the Korean won market. Because, of course, that’s where all the cool kids hang out.

Shortly after Upbit dropped the news, Jito (JTO) decided to flex its muscles, spiking as high as 28% and reaching a price of $3.49, according to the ever-reliable crypto.news. But hold your horses! At press time, it’s trading at $3.17, having taken a little tumble of 3.5% in the past hour. Talk about a rollercoaster ride! 🎢

In the past few days, JTO has been as exciting as watching paint dry, only rising slightly by 0.92% in the past week and 5.48% in the past month. According to the Upbit notice (yes, that notice again), the previous day’s closing price for JTO was 4,136 Korean won, or about $2.88. Not exactly a fortune, but hey, it’s something!

Now, let’s talk about Jito’s trading volume, which saw a significant boost in the past 24 hours, rising by 425.5% compared to the previous trading day. This means more traders are now buying and selling the token, probably while sipping their overpriced lattes. ☕ JTO has a market cap of $925 million, just shy of reaching a billion. Meanwhile, its fully diluted valuation stands at a staggering $3.2 billion, with a circulating supply of 296 million tokens. Who knew numbers could be so sexy?

But wait, there’s more! Buy orders for JTO will be restricted to around five minutes after trading support begins. Because nothing says “fun” like a time limit! All types of orders, except limit orders, will be restricted for one hour after trading begins. And sell order prices? They’re capped at a minimum of 10% less than the previous day’s closing price. Because why not add a little drama to the mix?

Jito is known as the biggest liquid staking project on Solana, with a TVL of 15.12 million SOL, or about $2.6 billion, according to its website. As previously reported on January 29, Jito rose to become the third largest crypto project by fees with $63 million, falling only behind Tether (USDT) and Tron (TRX). Talk about a competitive spirit!

Jito launched its native token, JTO, in November 2023 as a governing token and to develop liquidity for the Solana-based protocol. Because who doesn’t want to govern a token? It’s like being the mayor of a tiny, digital town!

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2025-02-21 10:20