Jito jumps 12% after JIP-38 buyback proposal – Can JTO reach $0.80?

Jito's JTO token jumped 11.59% to $0.6087 with a market capitalization of $304.67 million after a proposal for JIP-38, which directs revenue toward JTO buybacks and burns. The rally was supported by growing optimism and increased trading activity, with daily volume surging 142.17%. JTO may reach $0.80 if buyers reclaim $0.6500.