Jito Token Price Soars 15% After SEC Engagement

On June 16, 2025, the Jito Network’s governance token, JTO, experienced a significant surge, climbing nearly 15% in value. This bullish momentum is attributed to a recent meeting between Jito Labs and the US Securities and Exchange Commission’s Crypto Task Force on June 13. During this engagement, discussions centered around a proposed Token Transparency Framework and a blockchain-based securities trading initiative known as “Project Open.”

The meeting has sparked renewed investor interest, leading to a resurgence in demand for JTO. As a new trading week begins, this optimism is reflected in technical indicators, particularly the Relative Strength Index (RSI). As of the latest data, JTO’s RSI stands at 62.39, indicating an uptrend and suggesting a preference for accumulation among market participants. The RSI, which ranges from 0 to 100, signals overbought conditions above 70 and oversold conditions below 30. JTO’s current RSI reading suggests that the market is neither overbought nor oversold, supporting the ongoing accumulation trend.

Market Context and Performance

As of June 17, 2025, JTO’s close price was recorded at $2.29432. The token has seen significant volatility over the past year, with a 52-week high of $4.33423 on December 11, 2024, and a 52-week low of $1.42355 on April 6, 2025. The market capitalization of JTO stands at approximately $360.23 million.

Broader Crypto Market Activity

In related crypto market news, Tokenomist data reveals that token unlock events totaling over $443 million are scheduled for the week of June 16 to June 23, 2025. Fasttoken (FTN) and ZKsync (ZK) are leading these events, with FTN’s unlock valued at $88.80 million and ZK’s at $38.24 million. These events are part of a broader trend of significant token unlocks, with Solana projects also featuring prominently in linear unlock schedules.

This period of heightened activity and optimism in the crypto market underscores the dynamic nature of the sector, with regulatory engagements and token unlocks playing pivotal roles in shaping market trends.