JTO Surges 30% Following Upbit Listing Announcement

JTO’s Price Spikes Amid Exchange Listing

JTO, the native token of Jito, jumped nearly 30% after Upbit announced its listing on Feb. 21 at 14:30 KST. Currently, JTO is trading at $3.17, though it has dipped 3.5% in the past hour.

Before the announcement, the token had seen minimal movement, rising only 0.92% over the past week and 5.48% in the past month. The previous day’s closing price for JTO was ₩4,136 KRW ($2.88 USD), according to Upbit.

Trading Volume Soars Over 400%

Alongside the price increase, JTO’s trading volume skyrocketed by 425.5% in the last 24 hours. This surge indicates a sharp increase in trader interest and market activity.

Key Market Statistics:

Market Cap: $925 million

Fully Diluted Valuation (FDV): $3.2 billion

Circulating Supply: 296 million JTO

Upbit’s Trading Restrictions for JTO

To manage volatility, Upbit has implemented the following restrictions for JTO trading:

Buy orders restricted for the first five minutes after trading begins.

All order types except limit orders restricted for the first hour.

Sell orders capped at 10% below the previous day’s closing price.

Jito: The Leading Liquid Staking Platform on Solana

Jito is recognized as the largest liquid staking project on the Solana blockchain, boasting a Total Value Locked (TVL) of 15.12 million SOL—equivalent to $2.6 billion.

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