Key Key Revelations and Details

• SUI (Sui) – SUI 378,060 ($1.07 million) – Market Cap Impact: 0.01
• WLD (Worldcoin) – 3.42 million WLD ($3.73 million) – Market Cap Impact: 0.32
• SEI (Sei) – SEI 5.24 million ($1.30 million) – Market Cap Impact: 0.11
• TIA (Celestia) – TIA 998,404 ($4.16 million) – Market Cap Impact: 0.19
• G (Gravity) – G60.22 million ($1.20 million) – Market Cap Impact: 0.83
• ENA (Ethena) – ENA 2.06 billion ($818.81 million) – Market Cap Impact: 65.93
• JTO (Jito) – JTO 16.41 million ($39.38 million) – Market Cap Impact: 5.48
• BERA (Berachain) – 161 million BERA ($1.35 million) – Market Cap Impact: 0.15%
• MOVE (Movement) – 50.85 million MOVE ($22.82 million) – Market Cap Impact: 2.12
• GMT (GMT Token) – 81.67 million GMT ($4.81 million) – Market Cap Impact: 3.03

Possible Market Impacts

Among the most notable of the upcoming lock openings are ENA (Ethena) and JTO (Jito). Ethena’s opening, representing 65.93% of its total supply, could create significant selling pressure. This is seen as a large opening that could create a serious volatility on the market.

On the other hand, Jito’s 5.48% and MOVE’s 2.12% have a moderate impact. High supply growth may cause prices to fall in the short term.

Lower-impact expansions such as SUI, SEI and TIA may cause slight price movements. However, due to the volume and investor interest in these tokens, they are not expected to create a major selling pressure.

Investors try to anticipate market movements by tracking major token lock expansions in advance. During periods of high selling pressure, volume and trading data should be closely monitored to minimize the impact of openings.

In the coming days, market movements of these tokens should be carefully monitored and measures should be taken against volatility.

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.

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Jito (JTO) Listed on KRW Market

Upbit has announced that it will open trading for Jito (JTO) token on the KRW market starting from 14:30 KST on February 21, 2025. JTO will be traded on the Solana (SOL) network and can only be transferred via this network. JTO is currently trading at 0.00002857 BTC, which is equivalent to 4,163 KRW. According to the trading restrictions, buy orders cannot be placed within the first 5 minutes, and sales cannot be made below 10% of the previous day’s closing price during the first 5 minutes. Additionally, only limit orders will be allowed for the first hour.

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Arkham (ARKM) Listed on BTC and USDT Markets!

On the other hand, Arkham (ARKM) will start trading on BTC and USDT pairs. Trading will occur on the Ethereum (ETH) network. ARKM will open for trading at 17:00 KST on February 21, 2025. Currently, ARKM is trading at 0.00000681 BTC (approximately 0.6666 USDT).

There are some important warnings for investors to keep in mind. First, transactions must only be conducted on the specified networks, as transactions on incorrect networks cannot be reversed. Furthermore, additional verification may be required for large transfers from unknown sources. As cryptocurrency prices can fluctuate rapidly, it is crucial for investors to consider the risks before making any investments.

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Tokens to Be Added to the Monitoring Tag:

• StormX (STMX): Known for micro-tasks and shopping rewards in the crypto world, STMX is being added to the Monitoring Tag list due to its volatility and risk factors.
• TROY (TROY): Offering advanced broker solutions, TROY will also be included in the Monitoring Tag list.

Tokens to Be Removed from the Monitoring Tag:

• Convex Finance (CVX): Renowned for its staking solutions for DeFi users, CVX will no longer carry the Monitoring Tag.
• Sun (SUN): Part of the TRON ecosystem, SUN has met Binance’s criteria and will be removed from the Monitoring Tag list.

Tokens to Be Removed from the Seed Tag:

• Arkham (ARKM): A pioneer in crypto intelligence, ARKM will no longer carry the early-stage Seed Tag.
• Blur (BLUR): The token of the NFT trading-focused Blur platform has advanced beyond the early stage, leading to the removal of its Seed Tag.
• Jito (JTO): Known for its liquidity solutions in the Solana ecosystem, JTO’s Seed Tag will also be removed.
• Celestia (TIA): With its modular blockchain infrastructure, TIA has progressed significantly and will no longer carry the Seed Tag.

Why Are Monitoring and Seed Tags Important?

Monitoring Tag: Tokens with this tag exhibit higher volatility and risk compared to others. Binance reviews these projects periodically and may delist tokens that fail to meet specific criteria.

Seed Tag: This tag highlights projects that are still in the early stages, signaling that investors should trade with this awareness. The removal of a Seed Tag indicates that the project has reached a significant milestone in its development.

Binance’s Evaluation Criteria

Binance makes tagging decisions based on the following criteria:

1. Team Commitment: The level of dedication the team shows toward the project.
2. Development Activity: The quality and volume of development work on the project.
3. Liquidity and Trading Volume: The token’s market liquidity and trading activity.
4. Security: The network’s resilience against attacks and the reliability of smart contracts.
5. Communication and Transparency: The project’s engagement and communication with the community.
6. Ethical Standards: The absence of unethical behavior or misconduct.
7. Ecosystem Contribution: The project’s contribution to the broader crypto ecosystem.

Users who wish to trade tokens with Monitoring Tags or Seed Tags must complete a risk awareness quiz every 90 days on Binance Spot or Margin platforms. This quiz ensures traders understand the risks associated with these tokens before making trades.

Through these updates, Binance aims to promote transparency, trust, and long-term sustainability in the crypto ecosystem.

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However, Solana’s native token SOL, after yesterday’s decline, saw some recovery by trading above $110. According to Coingecko data, within the last 24 hours, $11.9 million of long positions and $8.42 million of short positions were liquidated in Solana, indicating uncertainty in the market.

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During the same period, Orca’s token ORCA and Jito’s JTO token also experienced significant losses of 7.95% and 5.08%, respectively. These declines indicate that other projects in the Solana ecosystem have been similarly affected.

The Solana ecosystem had seen rapid growth with tokens listed on major exchanges like Binance and Coinbase gaining extra attention. However, the recent downturns have partially slowed down this momentum. Additionally, the brief period during which Solana’s network fees surpassed Ethereum had also attracted attention.

All these developments highlight the sensitivity of token values in the Solana ecosystem to fluctuations and changes in investor risk appetite. Market participants may carefully review their portfolio strategies by closely monitoring future developments.

Also, you can freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.

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Kamino Finance is a decentralized finance protocol that operates on the Solana ecosystem, enabling debt issuance, borrowing, and trading.

Kamino Finance incorporates a host of financial applications, including debt issuance, borrowing, liquidity provision, beta-phase multiply, and leveraged transactions.

Borrowing: By providing liquidity on the platform (which is used as collateral), users can borrow in accordance with the dollar equivalent at that time. This loan is repaid at an annual interest rate.

Lending: By providing liquidity on the platform, users can earn interest returns at the annual percentage rate offered.

Multiply (Beta): Users set a multiplier on the platform and invest sol or liquid-staked assets. They are then provided a loan through JitoSol and earn APY returns at your multiplier rate. The application also includes various tools, such as a risk simulator.

K-Lend:

Kamino lends or K-lend is a dApp that combines the advanced liquidity provider features of high-infrastructure liquidity lending platforms like Aave, Curve, and Uni. It forms the basis of Kamino 2.0.

K-lend aims to combine various features such as an advanced risk management mechanism (benefiting from Oracle), eMode technology used in Aave v3 (customized leverage mechanism), a single pool liquidity system, and protected collateral in the K-lend dApp.

Airdrop and Token Allocation

As of the writing of this article, Kamino has a TVL of 135 million dollars and is the fifth largest in the Solana network. Kamino, which came to the agenda with an airdrop and stirred up the Solana ecosystem with its partnership with Jito and having no circulating tokens, has brought up airdrop questions.

On November 28th, Kamino announced a scoring system on their Medium page and will soon disclose the details and requirements of this system. Assuming that this scoring will be like other lending platforms (Marginfi and JTO);

1. Staking SOL or another supported asset on the platform
2. The amount of time and stake amount on the platform
3. Borrowing and lending
4. Generating TX at different times
5. Referral points

These conditions can be set, and after these conditions, your rank is determined, and if there will be an airdrop, the amount of token that will be given to you can be given under these conditions.

It is hard to predict this amount at this stage but JTO distributed 10% of the supply. Generally, projects distribute 5% to 10% of supply through airdrops. Presuming a token market cap of approximately 350M dollars, we could consider a 35M dollar airdrop.

Kamino Finance Team

While there isn’t sufficient information about the team, we can see that there are 13 employees on LinkedIn and only four profiles are open. Although the team is not often on camera, they are active on Discord and have made various posts regarding the project.

You can freely share your thoughts and comments about the topic in the comment section. Additionally, please follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.

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During the launch of the JTO/USDT Perpetual Contract, the maximum funding rate is set at +%2.00 / -%2.00, and the funding fee is paid every four hours.

Binance Futures also revealed that qualified liquidity providers will enjoy a 0.005% maker fee discount for their transactions on the JTO/USDT Perpetual Contract for a period of 14 to 15 days. Features such as funding fee, approval size, maximum leverage, initial margin, and/or maintenance margin requirements for the JTO/USDT Perpetual Contract may be adjusted by Binance over time based on market risk conditions.

The Cross Collateral Mode allows users to trade the JTOUSDT Perpetual Contract among various margin assets, providing an opportunity to benefit from existing discount advantages. For instance, with Cross Collateral Mode active, users can trade the JTO/USDT Perpetual Contract using BTC as margin.

A New Listing from Binance

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The new spot trading pairs include JTO/USDT, JTO/FDUSD, and JTO/TRY. Users can start investing in JTO to prepare for trading.

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Withdrawals will commence on 08.12.2023 at 16:00 (UTC). There won’t be any BNB fees for the listing of JTO.

Additionally, Binance will add JTO as a new borrowable asset to Isolated Margin with this new margin pair, which will become active within 48 hours starting from 16:00 (UTC) on 07.12.2023.

Offered as a new Isolated Margin Pair, JTO/USDT will provide users with various trading options, enriching the margin trading experience on the Binance platform.

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What is Jito?

JITO enables stakers to earn rewards through Solana staking by working with an open-source Solana validator client and grants the authority to handle MEV (Maximal Extractable Value) using cutting-edge MEV software packages.

What is the Purpose of the Jito Network?

The Jito network is the largest provider of liquid stake tokens (LST) for Solana. It is crucial for Jito to encompass the maximum extractable value (MEV).

MEV refers to the maximum value that a validator can obtain by including, excluding, or modifying the order of transactions in the block production process. Therefore, MEV encompasses both the rewards a validator can earn through transaction fees and any additional rewards they can earn by controlling the order of transactions. In other words, MEV is the process of optimizing blockchain blocks to create the most profitable and efficient blocks for the network.

What is the JTO Token?

The JTO token is a governance token that allows community members to have a direct influence on decision-making and direction within the Jito network. Consequently, those who hold this token can use it for:

JitoSOL Stake Pool: Adjusting and changing fees. StakeNet: Updating delegation strategies. Product: Contributing to the development and improvement of Jito’s product portfolio. Economy: Managing the DAO treasury and fees earned from JitoSOL. Tokenomics:

The token currently has a supply of 1,000,000,000 tokens:

34.3% for Community Growth
25% for Ecosystem Development
24.5% for Contributors
16.2% for Investors
10% allocated for Airdrops.

Has the Project Conducted an Airdrop?

The project initially provided points for stake pools based on staked SOL on the platform. Token allocation was calculated based on these points. A snapshot of this calculation was taken on November 25, 2023. Validators running the Jito-Solana client and MEV researchers or traders utilizing Jito Network’s on-chain programs are also eligible for the airdrop.

Where to Claim the Airdrop?

If you’ve previously conducted transactions on the platform and want to check for eligibility for the airdrop, you can click here to verify if you qualify.

Where to Get JTO?

Binance will list JTO on December 7th at 19:00. If you don’t have a Binance account yet, you can register by clicking here with a Coin Engineer commission discount.

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