JitoSOL staking pool slips to 10.19 million SOL, a two-month low
Jito’s liquid staking pool shed about 80,000 SOL in the first 11 hours of Sunday, UTC, leaving 10.19 million SOL as of 6:13 a.m. ET.
The quick take
- Price: Jito ($JTO) trades at $0.330, down 2.1% in 24 hours and 11.8% in seven days (CoinGecko, 7:41 a.m. ET).
- Trigger: The pool fell from 10.27 million SOL at midnight UTC to 10.19 million SOL by 11:13 UTC, per DefiLlama.
- Watch: Whether the outflow keeps going this week, and whether Jito says what drove it.
The JitoSOL staking pool, run by Jito ($JTO), held 10.19 million SOL at 11:13 UTC on Sunday, Nov. 8, according to DefiLlama. That is about 80,000 SOL less than at midnight UTC. It is the pool’s smallest size since Sept. 5.
We last wrote about this pool on Friday, when it held 10.27 million SOL. The new part is the speed: more than half of this week’s outflow came in one Sunday morning.
What happened
DefiLlama counts the pool in SOL. Its reading was 10,271,057 SOL at 00:00 UTC and 10,191,042 SOL at 11:13 UTC. At the CoinGecko price of $89.44 for Solana ($SOL), the 80,015 SOL that left is worth about $7.2 million.
Jupiter’s token data gives a second reading. At 12:46 UTC it showed 7.78 million JitoSOL in circulation. Each JitoSOL was worth about 1.309 SOL on Jupiter’s prices, which puts the pool near 10.18 million SOL.
The two counts sit within 0.1% of each other. In dollars, the pool is worth $909.3 million on DefiLlama and $909.9 million on Jupiter.
Why it moved
A liquid staking pool shrinks in SOL terms only when holders turn JitoSOL back into SOL. Price swings change its dollar value, not its SOL count. $SOL barely moved on the day, down 0.4% in 24 hours.
The cause of Sunday’s outflow is not confirmed. Jito’s website showed no announcement about it by 7:45 a.m. ET, and no rated outlet has reported one.
Jito’s docs list two ways out. Holders can swap instantly through Jupiter for a typical fee under 0.3%. They can also unstake directly for a fixed 0.1% fee and a wait of up to two days, a route the docs suggest for large amounts.
Who’s buying and selling
The week tells a slower story. On Nov. 1 at 00:00 UTC, the pool held 10.33 million SOL, per DefiLlama. It has lost about 139,000 SOL since then, or 1.3%.
DefiLlama puts the pool’s dollar value down 7.6% over seven days. $SOL fell 6.0% over the same stretch, per CoinGecko. The gap between the two is the SOL that left the pool.
Jupiter Staked SOL, a rival pool from Jupiter Exchange ($JUP), lost 5.8% of its dollar value in seven days, per DefiLlama. That is in line with the drop in $SOL, so its SOL count held roughly steady while Jito’s fell.
Jupiter’s data counts 184,569 wallets that hold JitoSOL. The governance token, $JTO, is a separate asset from JitoSOL. It has lost 11.8% this week while the pool shed 1.3% of its SOL.
What to watch next
- Whether the pool keeps losing SOL after Sunday or holds near 10.19 million.
- Whether Jito or a large holder explains the move.
- How the pool tracks wider Solana DeFi, now at $5.21 billion in total value locked, per DefiLlama.
Bottom line: The JitoSOL pool lost more SOL in one Sunday morning than in the rest of the week, and the reason is not yet known.
Price data: CoinGecko.
Sources
- DefiLlama: Jito Liquid Staking (SOL count and TVL, read 12:45 UTC)
- Jupiter token data: JitoSOL and Jupiter price API (supply, holders and prices, read 12:46 UTC)
- Jito docs: Unstaking overview (exit routes and fees, read 12:50 UTC)
- CoinGecko: Solana and CoinGecko: Jito (prices, read 12:41 UTC)
- DefiLlama: Jupiter Staked SOL and DefiLlama: Solana (TVL, read 12:41 UTC)
Not financial advice.
