A16Z Locks $50M in Jito JTO, Backing Solana Staking
Andreessen Horowitz (A16Z) has committed $50 million to Jito, acquiring a substantial allocation of JTO tokens with long-term lock-up terms and discount incentives. Jito’s Solana-based liquid staking and MEV protocol, including its Block Assembly Marketplace now live on mainnet, benefits from growing institutional support. Despite Solana staking generating about $5 billion in annual rewards, on-chain data show 7.1 million SOL (~$1.4 billion) withdrawn since the Oct. 11 market crash, keeping SOL under $200. Following the A16Z deal, JTO rallied over 3% to trade near $1.16–$1.19, with the RSI around 35 suggesting an oversold position and potential upside toward $1.50–$1.70 and longer-term resistance above $2.50 (all-time high $5.61). A16Z’s token-based investment mirrors its $55 million LayerZero and $70 million EigenLayer purchases, underscoring confidence in Solana staking economics. Separately, the SUBBD presale on Solana has raised over $1.2 million toward a $1.4 million target, offering AI-driven personalization for creators at $0.056 per token, with under 24 hours until the next price tier.
Bullish
A16Z’s $50 million locked purchase of JTO tokens signals strong institutional confidence and reduces circulating supply, supporting JTO’s price both short-term via immediate buying pressure and long-term through vested alignment. The oversold technical setup (RSI ~35) combined with historical upside targets enhances bullish sentiment. Additionally, growth in Solana staking yields and successful SUBBD presale reinforce positive network dynamics.