Jito Transfers $8 Million in JTO Tokens Amid Economic Update

According to BlockBeats On-chain Detection, Jito has moved $8 million worth of JTO tokens from its independent custody address, as analyzed by Arkham analyst Emmett Gallic. This wallet had remained inactive for two years since receiving 25 million JTO from the Jito Dev Council Squad. The transfer is anticipated to be a transaction. Earlier this month, on September 4, the Jito Foundation announced an update to the JTO tokenomics.