JST: JustLend DAO Burns 3.59% of Supply
JST burns 355M tokens worth $34.59M in largest JustLend DAO repurchase, cutting supply 3.59% as cumulative burns hit 17.29%.
SourceAnalysis
JustLend DAO torched 355,021,530.97 JST tokens valued at $34.59 million, trimming total supply by 3.59 percent in its biggest-ever buyback and burn funded by Q2 protocol revenue plus USDJ stability fees.
Price sits at $0.1 exactly on the EMA50 support level with EMA200 at $0.09, while RSI(14) at 49.15 stays neutral and MACD prints a death cross; trading inside the Bollinger band between $0.1 resistance and support signals tight consolidation that often precedes directional expansion once revenue-driven burns resume.
Justin Sun 孙宇晨
@justinsuntronJustin Sun is the founder of TRON, BitTorrent ($BTT) owner and crypto exchange HTX advisor
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