JUST Completes 5th JST Buyback & Burn: Over 170M Tokens (~$23.53M) Burned Ahead of Major Deflationary Upgrade
Summary
JUST says it completed its fifth scheduled JST buyback and burn on October 16, removing 170.7 million tokens valued at about $23.53 million. The funds came from JustLend DAO net operating income. Across five rounds, roughly 1.88 billion JST—over 19% of the initial supply—has been burned, using more than $100 million. JUST says the initial treasury-reserve phase is now complete and a revised buyback mechanism is planned, potentially adding revenue from businesses such as GasFree. The piece also reports JST rose more than 300% from its October 2025 low, while presenting the buyback program as supporting token value.
