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JTO Soars Over 5% Briefly as a16z Announces $50 Million Investment in Jito

2025-10-16 21:23

BlockBeats News, October 16, according to HTX market data, JTO surged over 5% in a short period of time, currently trading at $1.19.


Previously reported, a16z announced that it has invested $50 million in the Solana ecosystem staking protocol Jito through its cryptocurrency arm. In return for the investment, the company received a portion of Jito's cryptocurrency allocation.

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