The crypto world and the Twitter community have turned their attention to an altcoin named Jito (JTO), following an airdrop on the SOL network. The airdrop enriched its participants and Binance announced it would initiate futures trading for JTO coin. This news elevated the listing news of crypto exchanges to a new level.
Binance announced that it will initiate the futures contract for JTO on 08-12-2023 and this contract will offer leverage up to 50x. With the strengthening of the SOL network, SOL-based altcoins have started to attract more attention.
Following the FTX crisis, Solana (SOL) which lost significant value, began to rise as the price of BTC increased. The price of SOL started to rise independently from BTC and its price rose above $70 from the $9 level a year ago.
With the recovery of the SOL network, airdrops also gained importance. The airdrop of Jito took place and joy dominated the crypto world with the emergence of the news. The price of the altcoin increased by 1800% in one day and attracted the attention of all crypto exchanges.
The emergence of JTO may cause investors to pay more attention to possible new airdrops on the SOL network. However, due to the high volatility of crypto investments, a warning was given that investors should trade based on their own research.