The buyback and burn move is quite ruthless. Once the circulating supply comes down, the price naturally gets support—this Jito move is worth keeping an eye on.

JTO-3.98%
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CoinNetwork
JTO is currently trading at 0.6721 USDT, up 10.55% over the past 24 hours, according to Coin World. Previously, Jito Network planned to allocate 100% of JTX revenue to buy back and burn JTO from the secondary market to reduce circulating supply, with the plan set to last at least one year.
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