<ul data-eligibleForWebStory="true"><li>SOL Strategies acquires 52,181 JTO tokens as part of its Strategic Ecosystem Reserve (SER) to support key projects within the Solana ecosystem, starting with Jito Network.</li><li>Jito's price has decreased by 2% over the past 24 hours, trading around $1.93 amidst the announcement, indicating a bearish trend.</li><li>SOL Strategies aims to boost the Solana ecosystem through the SER funded by a portion of the company's validator revenue, with initial support directed towards Jito.</li><li>While the acquisition by SOL Strategies demonstrates institutional investor confidence in Jito, technical indicators suggest a bearish continuation in the short term for JTO's price.</li></ul>

Jito price outlook as SOL Strategies announces acquisition of 52, 181 JTO tokens

Discover more