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On July 13, according to Poloniex market data, JTO surged over 10% in 24 hours, currently priced at $0.6714, with a market cap rising to $609 million. On the news front, Jito Network announced that it will use 100% of the revenue from JTX platform revenue sharing to buy back and burn JTO tokens for at least the next year.

On July 13, Jito Network announced that it will use 100% of the revenue from JTX platform revenue sharing to repurchase and burn JTO tokens for at least the next year. According to the announcement, all proceeds from JTX revenue sharing will be continuously used to repurchase JTO from the secondary market and permanently burn the repurchased tokens to reduce the circulating supply.

On June 15, according to Poloniex market data, JTO surged over 44% in 24 hours, currently priced at $0.7591, with a market cap rising to $690 million. In related news, Jito Labs has launched JTX (expected to go live in July), a self-custody trading tool/terminal that integrates features such as charting, execution, and portfolio management. Initially supporting spot trading for Solana, it will later add perpetual contracts and prediction markets. 80% of JTX's revenue will flow to the JTO token (for buybacks/value capture).