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I just saw that JustLend DAO did something quite interesting with JST. They carried out a massive buyback followed by token burn, destroying more than 1 billion JST at once. We're talking about approximately $38.7 million worth of tokens destroyed.
The move was executed in two steps. First, they burned tokens worth $17.73 million, then expanded the operation with an additional $21 million in destruction. In total, this reduced the total supply by 10.96%, which is quite significant.
What stands out is that this isn't an isolated move. JustLend DAO is following a clear deflationary strategy through systematic burning. It's not that vague promise you see around. They are genuinely reducing the supply in a transparent and sustainable way.
For those following the TRON ecosystem, this shows that the project is focused on creating long-term value for JST rather than just pumping short-term numbers. Burning reduces the circulating supply, which theoretically should benefit those holding tokens. It's worth keeping an eye on how this will impact the price in the coming months.