JTO climbed more than 10% over the past 24 hours, according to HTX market data, with the token last quoted at $0.6714 and its market capitalization rising to $609 million. The move came alongside a new announcement from Jito Network. The project said 100% of the revenue it receives from JTX platform revenue-sharing will be used to buy back and burn JTO tokens for at least the next year. The update tied the token’s price move to a concrete change in token support plans, while also giving the market a defined timeframe for the buyback-and-burn program. The figures cited in the report were attributed to HTX market data, and the announcement on capital allocation came directly from Jito Network.
JTO gained more than 10% over the past 24 hours, according to HTX market data on July 13. The token was quoted at $0.6714, lifting its market capitalization to $609 million.
On the news side, Jito Network said it will use 100% of the revenue it receives from JTX platform revenue-sharing to buy back and burn JTO tokens for at least the next year.
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