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Jito Transfers $8 Million Worth of Value in JTO Tokens, Potentially for Sale

BlockBeats News, September 16th, according to Arkham analyst Emmett Gallic, Jito has moved 8 million US dollars worth of JTO from its separate custody address.

Emmett Gallic stated that since receiving 25 million JTO from the Jito Dev Council Squad, this wallet has been inactive for two years. It is expected to be a transaction.

On September 4th, the Jito Foundation announced an update to the JTO tokenomics.

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