Jito’s Native Token Sees 30% Price Spike After Upbit Listing Announcement

JTO, the native token of Jito, has spiked 30% since Upbit announced it will be listing the Solana-based coin on Feb. 21 at 14:30 KST.

According to a recent notice, Upbit will be adding trading support for the Jito native token starting from the aforementioned date and time. The token will be available for trading on the Korean won market.

Shortly after Upbit’s announcement, the Jito (JTO) native token surged as high as 28%, reaching a price of $3.49 according to data from crypto.news. As of the latest update, the token is trading at $3.17, having decreased by 3.5% in the past hour.

In the preceding days, the token had not experienced much price movement, only increasing slightly by 0.92% in the past week and 5.48% in the past month. Upbit’s notice highlighted that JTO’s previous closing price was 4,136 Korean won or roughly $2.88.

Price chart shows a spike in trading price after Upbit’s listing, February 21, 2025 | Source: crypto.news

Trading Volume Surge

Jito’s trading volume saw an impressive rise of 425.5% in the past 24 hours compared to the previous trading day, indicating increased trading activity. JTO currently boasts a market cap of $925 million, nearing the billion-dollar mark. Its fully diluted valuation stands at $3.2 billion with a circulating supply of 296 million tokens.

Order Restrictions

Buy orders for JTO will be capped at around five minutes after trading support commences. All order types, except for limit orders, will be restricted for one hour following the start of trading. Additionally, sell order prices are limited to a minimum of 10% less than the previous day’s closing price.

About Jito

Jito is recognized as the largest liquid staking project on Solana, boasting a Total Value Locked (TVL) of 15.12 million SOL or $2.6 billion according to its official website. As reported on Jan. 29, Jito ascended to become the third largest crypto project by fees at $63 million, trailing behind Tether (USDT) and Tron (TRX).

Jito launched its native token, JTO, in November 2023 to serve as a governing token and to enhance liquidity for the Solana-based protocol.

Read more: Jito flips Ethereum, Uniswap, and Solana on a crucial metric

> Disclosure: This article does not represent investment advice. The content and materials featured here are intended for educational purposes only.