JTO · a fixed-supply token still diluting fast as locked coins vest.
JTO is the governance token of Jito, Solana's MEV and liquid-staking protocol — ~504M circulating of a 1B fixed supply. No new JTO is ever minted, but roughly half the supply is still locked and vesting into the market.
Sell pressure. Locked founder, investor and ecosystem coins add about 38M JTO to the float over 90 days — measured as the actual growth in circulating supply.
Buy pressure. A new exchange-funded buyback-and-burn went live Jul 14 2026, but it is too young to have removed a measurable amount yet — so the buy side reads 0 for now.
Net. About +7.60% to market over 90 days — vesting dominates and the float keeps growing, so the token is clearly inflationary right now.
The full 1B JTO was minted at the 2023 launch and the supply is fixed — Jito issues no new JTO. Nothing on the sell side here comes from fresh coins; it all comes from tokens that already exist unlocking.
Locked founder, investor and ecosystem coins vesting into the market are the entire sell side. The tradable float grew by about 38M JTO over the 90 days to Jul 31 2026 — measured directly as the change in circulating supply — and a similar continuous release is projected for the next 90 days. The one large step-up, about 135.71M, lands on Dec 7 2026, outside this window.
No public evidence of a discretionary release in window — monitored. About 496M JTO is still locked in vesting escrows across the DAO's Community Growth and Ecosystem Development pools and the remaining founder and investor allocations. The part of that reaching the market on the normal schedule is already counted under vesting above; no separate foundation dump was observed this window.
No bankruptcy estate or court-ordered distribution applies to JTO.
A new buyback-and-burn went live on Jul 14 2026: the DAO's entire revenue share from the new Jito exchange now buys JTO on the open market and permanently burns it, committed through late 2027. It is only about two weeks old, no measurable amount has been burned on-chain yet, and the tradable supply still grew over the window — so it books zero for now and is monitored. This is the single thing that could turn the buy side positive.
There is no separate fee burn. The only path that destroys JTO is the new exchange-funded buyback-and-burn, which is tracked under programmatic buyback above rather than counted twice.
No discretionary open-market buying by the foundation or DAO outside the new programmatic buyback — monitored.
Staking JitoSOL locks SOL, not JTO, and no new multi-year JTO lock or escrow was announced in the window — monitored.
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