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Jito transfers a value of 8 million USD in JTO Token, or may sell it in a transaction.
According to BlockBeats news on September 16, Arkham analyst Emmett Gallic stated that Jito transferred $8 million worth of JTO from its independent custody address. Emmett Gallic mentioned that this wallet has been inactive for two years since receiving 25 million JTO from the Jito Dev Council Squad. This is expected to be a transaction. On September 4, the Jito Foundation announced an update to the tokenomics of JTO.