{"id":380410,"date":"2023-12-08T13:50:12","date_gmt":"2023-12-08T13:50:12","guid":{"rendered":"https:\/\/cryptoslate.com\/?p=380410"},"modified":"2023-12-08T13:27:17","modified_gmt":"2023-12-08T13:27:17","slug":"solana-liquid-staking-token-jto-surges-85-post-exchange-debut-following-unique-airdrop-event","status":"publish","type":"post","link":"https:\/\/cryptoslate.com\/solana-liquid-staking-token-jto-surges-85-post-exchange-debut-following-unique-airdrop-event\/","title":{"rendered":"Solana liquid staking token JTO surges 85% post-exchange debut, following unique airdrop event"},"content":{"rendered":"

Solana<\/a>-based liquid staking<\/a> project Jito's JTO token price soared more than 80% following its trading debut across multiple major exchanges like Coinbase and Binance.<\/p>\n

Data<\/a> from CoinMarketCap shows that JTO's value surged to more than $3 during the past day, representing an 85% growth for the newly launched digital asset. JTO's price has retraced to $2.90 as of press time.<\/p>\n

JTO's market capitalization stood at $333 million as of press time, with a trading volume of $1.4 billion.<\/p>\n

Jito airdrop<\/h2>\n

On Dec. 7, Jito distributed<\/a> 90 million units of its governance token, JTO, to its early adopters as part of an airdrop program. While the total allocation for the airdrop is 100 million tokens, representing 10% of the token's total supply, users can claim their share of the 90 million over the next 18 months.<\/p>\n

Meanwhile, the token's airdrop strategy gained attention<\/a> from the crypto community as it mostly favored regular users. Observers suggested<\/a> that this approach would benefit Solana's decentralized finance (DeFi) ecosystem, encouraging more retail traders' participation.<\/p>\n

Dan Smith, a researcher at Blockworks, hailed the airdrop as a pivotal moment for drawing people into crypto through its innovative reward structure. Smith highlighted the broad participation, saying<\/a>:<\/p>\n

“9,852 addresses claimed between $9.8k and $208k from the Jito airdrop today. All you had to do to qualify for tier 1 was play around with $40 onchain, and you walked away with $9,882 a few months later.”<\/p><\/blockquote>\n

The JTO token<\/span><\/p>\n

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The JTO token will play a pivotal role in governing the decentralized autonomous organization (DAO) activities within the Jito staking protocol.<\/p>\n

Jito is a decentralized liquid staking protocol built on Solana, allowing users to stake their SOL tokens with validators engaged in effective block organization. As a reward, users receive a liquid staking token known as JitoSOL, representing the aggregated validator rewards and tips.<\/p>\n

Data<\/a> from Jito's website reveals approximately 75,000 users earning 7% rewards. The total value of assets locked on the protocol currently stands at 6.4 million SOL, or $455 million, according to DeFillama data<\/a>.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Solana-based liquid staking project Jito’s JTO token price soared more than 80% following its trading debut across multiple major exchanges like Coinbase and Binance. Data from CoinMarketCap shows that JTO’s value surged to more than $3 during the past day, representing an 85% growth for the newly launched digital asset. JTO’s price has retraced to […]<\/p>\n","protected":false},"author":720,"featured_media":380428,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[46940,6849],"tags":[79135,79136,78409,75380],"post_folder":[],"acf":[],"yoast_head":"\nSolana liquid staking token JTO surges 85% post-exchange debut, following unique airdrop event<\/title>\n<meta name=\"description\" content=\"Solana-based liquid staking protocol Jito airdropped 90 million JTO tokens to early adopters of its platform.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptoslate.com\/solana-liquid-staking-token-jto-surges-85-post-exchange-debut-following-unique-airdrop-event\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Solana liquid staking token JTO surges 85% post-exchange debut, following unique airdrop event\" \/>\n<meta property=\"og:description\" content=\"Solana-based liquid staking protocol Jito airdropped 90 million JTO tokens to early adopters of its platform.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cryptoslate.com\/solana-liquid-staking-token-jto-surges-85-post-exchange-debut-following-unique-airdrop-event\/\" \/>\n<meta property=\"og:site_name\" content=\"CryptoSlate\" \/>\n<meta property=\"article:published_time\" content=\"2023-12-08T13:50:12+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-12-08T13:27:17+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2023\/12\/token-rally.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"630\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Oluwapelumi Adejumo\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cryptoslate\" \/>\n<meta name=\"twitter:site\" content=\"@cryptoslate\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Oluwapelumi Adejumo\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/cryptoslate.com\/solana-liquid-staking-token-jto-surges-85-post-exchange-debut-following-unique-airdrop-event\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/cryptoslate.com\/solana-liquid-staking-token-jto-surges-85-post-exchange-debut-following-unique-airdrop-event\/\"},\"author\":{\"@type\":\"Person\",\"@id\":\"https:\/\/cryptoslate.com\/author\/oluwapelumi-adejumo\/#person\",\"name\":\"Oluwapelumi Adejumo\",\"url\":\"https:\/\/cryptoslate.com\/author\/oluwapelumi-adejumo\/\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/cryptoslate.com\/author\/oluwapelumi-adejumo\/\"},\"image\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/cryptoslate.com\/author\/oluwapelumi-adejumo\/#authorimage\",\"url\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2025\/12\/profile-photo-oluwapelumi-adejumo-300x300.jpg\",\"contentUrl\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2025\/12\/profile-photo-oluwapelumi-adejumo-300x300.jpg\",\"caption\":\"Oluwapelumi Adejumo\"},\"jobTitle\":\"Senior Reporter\",\"description\":\"Oluwapelumi values Bitcoin's potential. 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