Techub News reported that Justin Sun recently removed 1.729 billion JST from circulation, a batch valued at about $43.2 million based on the figures provided in the report. The outlet said the amount accounts for 17.29% of JST’s total supply.
According to the report, the tokens were taken out of market circulation through either a burn mechanism or a lock-up arrangement. Techub said the supply adjustment was intended to optimize JST’s token economic model.
No additional timing details or on-chain transaction information were provided in the brief. The report focused on the size of the token reduction, its share of total supply, and the stated purpose behind the adjustment.
Justin Sun recently removed 1.729 billion JST from circulation, according to Techub News. Based on the figures in the report, the batch was worth about $43.2 million and represented 17.29% of JST’s total supply.
Techub said the tokens were removed from market circulation through either a burn mechanism or a lock-up mechanism. The report added that the supply adjustment accounted for 17.29% of the token’s total supply and was aimed at optimizing JST’s token economic model.
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