Jito jumps 30% after strong quarterly report – Can JTO reclaim $0.70?

▤ Summary

Jito (JTO), a Solana liquid staking and re-staking protocol, rallied more than 30% after releasing a strong quarterly report. The report showed cumulative Jito-enabled staked tokens at 418 million SOL, about 119 million SOL staked on the Jito Network, a 56% rise in validators, and Jito-Enabled Validator Share of 97.58% (356 validators). Tokenomics tightened with 9.7 million JTO burned in Q1 and a circulating supply of 473.83 million, while daily trading volume jumped 605% to $168 million. On the charts JTO broke above a rising-triangle resistance around $0.35, hit $0.70 as a likely near-term target and remains bullish unless price falls and holds below $0.35.

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