On March 4, Multicoin Capital published a 45-page report on the valuation of JITO assets. Multicoin Capital said that it has accumulated a considerable position in the Jito Network native token JTO through its hedge fund and venture capital fund in the past three years.
Multicoin Capital's optimistic valuation of JTO is $11.63, which is 4.45 times the 7-day time-weighted average price (TWAP) of $2.61 as of March 3, 2025. Following the publication of the Multicoin Capital Jito report, the price of JTO quickly rose from $2 to around $2.40, an increase of nearly 20%.
Multicoin: We are optimistic about JTO, which has 4-5 times the upside
2025-03-05 01:52:02
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