Jito Staked SOL (JITOSOL)

South Korea's large asset management institution Hanwha Asset Management has reached a strategic cooperation with the Jito Foundation, aiming to advance the technical and regulatory preparation for a compliant ETP product based on the Solana liquid staking token JitoSOL in the local market, focusing on the integration of JitoSOL with the ETP structure, establishment of compliant custodial and risk management frameworks, and coordination of regulatory compliance. JitoSOL's "dual reward mechanism" (standard staking rewards + MEV rewards) is a design focus. (The Block) https://t.co/VT8hRTkXQC

Wu said he learned that, according to Arkham analyst Emmett Gallic, addresses associated with Multicoin Capital transferred about 440,000 JITOSOL to FalconX and Galaxy Digital in the past 24 hours, worth approximately $47 million. He estimates that Multicoin still holds at least about 2.8 million SOL, worth roughly $250 million; and at the beginning of 2021, its SOL holdings once peaked at 24 million. https://t.co/eL5PHF1rLw