JTO Token Surges Nearly 30% Following Upbit Listing Announcement
JTO, the token for the Solana-based Jito project, rose nearly 30% after its listing announcement on Upbit, a major South Korean exchange. Key points include:
- The token peaked at $3.50 before retracing to $2.64, currently trading around $3.36.
- Upbit's listing enhances accessibility, potentially driving price appreciation as it controls about 80% of South Korea's market share.
- Trading starts at 14:30 local time under the pair JTO/KRW, with restrictions on order types initially in place.
- JTO joins other cryptocurrencies like Bitcoin, Ethereum, and Solana on Upbit’s platform.
- Prior to Upbit, JTO was available on Bybit since December 2023 and is also listed on KuCoin, Kraken, Gate.io, and Mexc Global.
- Since its November 2023 launch, JTO has reached a market cap of approximately $803.24 million and a 24-hour trading volume of $62.46 million.