Rewards Hub JST, the token of the decentralized finance protocol within the TRON ecosystem, has surged 13.55% over the past week, reaching a price of $0.04581. This rise is supported by a 32% increase in 24-hour trading volume, now at $43 million, according to CoinMarketCap data.
The recent price boost follows JustLend DAO's second large-scale token buyback and burn on January 16. To date, 10.96% of the total JST supply has been burned, enhancing market scarcity and bolstering investor confidence. This deflationary mechanism has contributed to JST's new short-term price high.
JST Token Climbs 13.55% in a Week Amid Increased Demand
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