After JustLend DAO completed its 2nd major Buyback & Burn, permanently removing 525,000,000 JST, the effects are no longer theoretical they’re now visible in the market structure.
Let’s look at what the data is showing right now:
▫️ Price: $0.04027 (+0.35% 24h)
▫️ Market Cap: $355.04M
▫️ FDV: $355.04M (no dilution overhang)
▫️ 24h Volume: $26.53M (+25.94%)
▫️ Holders: 440,930+
▫️ Circulating Supply: 8.81B JST (matches total supply)
That last point is the key.
There is now no gap between circulating supply and total supply.
No unlock cliffs.
No hidden inflation.
No future dilution pressure.
And remember:
➡ Round 1 Burn: 559M JST
➡ Round 2 Burn: 525M JST
➡ Total Burned: 1,084,890,753 JST
➡ 10.96% of total supply permanently removed
What the market is reacting to
This isn’t a hype burn. It’s a revenue-backed, rule-based supply reduction.
The second burn alone was funded by:
• $10.19M from Q4 protocol profit
• $10.34M from accumulated earnings
• ~$21M converted directly into permanent supply destruction
No emissions. No treasury games. No narratives.
Why these metrics matter
• FDV = Market Cap → means the market is now valuing only what exists
• Volume up ~26% → participation is increasing after supply contraction
• Supply fixed & shrinking → every unit of demand now works harder
• Holders still growing → distribution + long-term positioning
This is exactly what a structural supply shock looks like:
Not a one-day pump but a tightening market.
The bigger picture
JST is no longer just a governance token.
It is now:
✔ Backed by real protocol revenue
✔ Supported by systematic buybacks
✔ Protected from dilution
✔ Running a deflationary monetary policy
✔ Structured more like a cashflow-backed asset than a farm token
Two burns in.
Over 10.96% of supply gone.
And the market structure is already changing.
This is what execution looks like.
@Justin Sun孙宇晨 @JUST DAO #JST
#JUSTLENDDAO #TronEcoStars