$JST just burned 170 million tokens worth over $23.53 million. That’s a pretty impressive figure, right?
But despite burning 1.72% of the total supply, $JST still fell 2.29%—clearly, trading volume wasn’t enough to absorb the selling pressure.
Cumulative deflation of 19% across five burns looks impressive, but the returns from the existing supply have run their course. Going forward, it all depends on mechanism upgrades.
For spot, focus on the long-term deflation thesis. Don’t charge in with leverage when the good news breaks—watch out for a sharp rebound wick.
Did you get a piece of $JST ’s deflation pie this time? If you’re holding, comment 1; if you’re on the sidelines, comment 2.
#Write2Earn #BinanceSquare #JST DeFi #TradingTournament
But despite burning 1.72% of the total supply, $JST still fell 2.29%—clearly, trading volume wasn’t enough to absorb the selling pressure.
Cumulative deflation of 19% across five burns looks impressive, but the returns from the existing supply have run their course. Going forward, it all depends on mechanism upgrades.
For spot, focus on the long-term deflation thesis. Don’t charge in with leverage when the good news breaks—watch out for a sharp rebound wick.
Did you get a piece of $JST ’s deflation pie this time? If you’re holding, comment 1; if you’re on the sidelines, comment 2.
#Write2Earn #BinanceSquare #JST DeFi #TradingTournament