Nothing is minted. Lending income burns JST every quarter.
JST is the token of JUST and JustLend DAO on TRON: 8.19B coins circulate and all are unlocked. Nothing new is minted; lending income buys JST and burns it.
Sell pressure. None. No JST was created in 90 days, and the launch release plan ended in 2023.
Buy pressure. On Jul 17 2026, 355.0M JST was burned: 248.4M bought with lending income, plus 106.7M of old stablecoin fees. About 154.2M more is due in October.
Net. Net, supply shrinks about 4.34% in 90 days, and about 1.88% next.
JST pays no block or staking reward. All 9.9B coins were created in one mint in April 2020, and the token's log shows no other mint since. Total supply on chain now reads 9,793.3M — exactly 9.9B minus the one burn on Jul 17 2026. The contract owner can still mint, so we keep watching it.
The launch release plan ended in 2023, unlock trackers list JST as 100% unlocked, and circulating equals total supply. No locked pile is left to open.
The wallet JustLend DAO burns from holds 500.0M JST; it sent out and took back 200M lots twice this window. The voting wrapper holds 700.0M, the JST lending market 93.8M, and three large unnamed wallets 660.9M, 400.0M and 386.1M. All of these already count as circulating, so a move or sale adds nothing new. The owner key's mint power is the one real risk; it has not been used since 2020.
No estate, trustee or long lock is paying JST out. No court case holds JST for later release.
JustLend DAO spends all its net income each quarter on buying JST and sends it to the burn address. On Jul 17 2026 it burned 248,357,799 JST bought with $20.6M. The next round is due around mid-October with about $21.55M planned, which is about 154.2M JST at today's price. The burn address now holds 1,604.6M JST, and nothing ever leaves it.
On the same day, Jul 17 2026, old stability fees from the USDJ stablecoin — 106,663,732 JST collected over years — were destroyed outright, and total supply fell by exactly that. That fee pot is now empty, so nothing more comes from it next.
No team or treasury buys JST outside the DAO buyback above, which is already counted there.
JST put into the voting wrapper (700.0M) or deposited for the new 60-day reward campaign stays counted as circulating, so it takes nothing off the market.
Two sides: how much people want JST right now, and how much buying could come later.
This part is based on social media. It shows how hot JST is right now. A better rank means more people are talking about it.
Today, people are talking about JST for two reasons:
In the week to Oct 10 2026, JST rose about 10.5% and made a list of the seven best weekly performers, while Bitcoin was weak. No single news item was linked to the move. People ask whether the gain can last without a clear reason behind it.
Around Oct 9 2026, the TRON DeFi Summer Season 3 event added a $300,000 JST Boost reward pool for users who put at least 1,000 JST into JustLend DAO, also reachable through Binance Wallet. The reward rate changes with the market. People ask whether locking JST for these rewards takes enough coins off the market to matter.
Checked Oct 13 2026
Supply and demand point to a positive long-run signal for JUST (Oct 15 2026, score 7/10). JUST adds −1.88% new supply in 90 days, and demand reads weak (2/5). JUST's price drivers: 2 ▲ price up, 0 ▼ price down.
Two pieces of news look good for JST. JustLend deposits climbed back from a $2.9B low in June 2026, and Justin Sun's SEC case closed on Mar 9 2026, though his World Liberty fight is still open. JST's supply also shrinks, −1.88% in 90 days. By supply and demand, JUST's long-run signal is positive today.
We would read JUST differently if new supply jumps (today −1.88% in 90 days), or demand falls from weak. Until then JUST's signal stays positive.
JUST scores 7/10 on our framework (Oct 15 2026): supply 5/5 (shrinking), demand 2/5. Over the next year JUST's supply changes −4.63%. The long-run signal is positive.
Supply and demand favor JUST most when little new supply is coming, demand is strong and the price drivers point up. Right now JUST has −1.88% new supply in 90 days (shrinking), demand weak (2/5), drivers 2 ▲ / 0 ▼.
JUST's price drivers today: 2 pointing up, 0 pointing down, out of 2. ▲ JustLend deposits: JustLend deposits climbed back from a $2.9B low in June 2026. ▲ Justin Sun: SEC case closed Mar 9 2026; World Liberty fight still open.
JUST: positive signal, 7/10 · Bitcoin: positive signal, 8.5/10 (Oct 15 2026). By supply and demand, JUST reads weaker than Bitcoin today.
Every answer here applies basic economic theory — the law of supply and demand — to this coin's data. It is not financial advice. How we read every coin →
We look at two things, half each: supply and demand. Fewer new coins mean less selling pressure. A meme coin scores 1.5 at most on supply: its team got its coins for free, so no new supply does not make it safe. We also show each coin's age, with a warning when it is younger than 1 year. Demand looks at how much people want the coin now and how much buying could come later. Price Drivers (Beta) are the 2 or 3 things that can move one coin's price that supply and demand miss; they have no score. JST supply is not growing (-1.88% in the next 90 days), so it shows in green. Zero or falling supply is always green, any growth is red.
One email before each big supply event, and the day our verdict changes. Nothing else. You can watch 2 coins for free.
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