Jito token climbs 5.9% as buyers lead its top pool on Sunday

Jito ($JTO) traded at $0.571 at 3:41 p.m. ET on Oct. 11, up 5.9% in 24 hours, as buyers led its main on-chain pool.

The quick take

Price: $JTO $0.571, +5.9% ↑ in 24 hours (CoinGecko, 19:41 UTC).
Trigger: No new Jito announcement; the climb built through Sunday while $BTC and $SOL rose 0.8%.
Watch: The 24-hour low of $0.539 and whether buyers keep the lead in the main pool.

Jito ($JTO), the governance token of the Jito liquid staking network, rose 5.9% in 24 hours to $0.571 as of 3:41 p.m. ET on Oct. 11, CoinGecko data show. The Jito token climbs well ahead of the wider market. Bitcoin ($BTC) and Solana ($SOL) each gained 0.8% over the same day.

What happened

$JTO traded between $0.539 and $0.575 over the past 24 hours, per CoinGecko at 19:46 UTC. Jupiter’s price feed showed $0.571, within 0.1% of CoinGecko. The token’s market value stood at about $303 million, with $32.6 million traded over the day.

The gain built slowly. On Binance’s JTO/USDT pair, the hourly close was $0.545 at 11:00 UTC and $0.571 at 19:00 UTC. The biggest single step came between 15:00 and 16:00 UTC, a rise of about 2.1%.

Why it moved

The cause is not confirmed. Jito’s blog shows no new post since Sept. 28, when it published a white paper on Korea’s spot digital asset ETF with Wavebridge. The move came on a calm Sunday for large coins: LiveCoinWatch showed $BTC at $83,666 at 19:41 UTC.

The bigger picture is a month-long recovery. $JTO is up 35% over 30 days but flat over the past week, at -0.6%. It still trades about 91% below its record of $6.01 from December 2023, per CoinGecko.

Who’s buying and selling

Buyers had the edge on-chain. In $JTO’s largest pool, a JTO/JitoSOL pair with $1.36 million in liquidity, DexScreener counted 648 buys and 562 sells over 24 hours. GeckoTerminal showed a similar split, with 642 buys and 573 sells.

Deposits behind the token held their ground. Jito Liquid Staking held $1.17 billion in total value locked, according to DefiLlama.

What to watch next

The 24-hour low of $0.539 marks where the day’s climb began. Readers can also watch whether buys keep outnumbering sells in the main pool. Any post from Jito that explains the move would be the next key fact.

Bottom line: $JTO rose 5.9% on a quiet day for the market, with buyers in front on-chain and no confirmed trigger yet.