JustLend DAO burns 170.7 million JST in fifth buyback round
On October 17, 2026, JustLend DAO destroyed 170,723,144 JST in its fifth buyback round, roughly 1.72% of total supply, according to coinmarketcal.com.
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what happened
According to coinmarketcal.com, JustLend DAO wrapped up its fifth round of buying back JST tokens and burning them on October 17, 2026. A total of 170,723,144 tokens were removed permanently, representing 1.72% of the supply. The estimated value of the destroyed coins came to roughly $23.53 million.
Because those tokens are gone, circulating supply shrinks, which supports the token's deflationary design. The round is part of a recurring program, so the market is unlikely to be surprised by it.
why it matters
For JST holders, repeated buybacks with burns cut the number of tokens in circulation and reinforce the deflationary model. Still, the round is routine and its effect on the broader crypto market is likely limited, so the news mainly matters for JST itself.
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sources
- JUST: JustLend DAO completes fifth JST buyback and burn - 17 Oct 2026 — coinmarketcal.com, 17 October 2026 at 17:00 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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