The JST token surged by 35% following public statements from Justin Sun about the project's prospects. Activity around the token intensified ahead of the listing of futures contracts on Binance with leverage up to 75x. These developments unfold against the backdrop of growth in TRON’s DeFi segment and increased demand for the USDD stablecoin.
The Next x100 Token
Justin Sun stated on social media platform X that JST has undergone a "complete fundamental upgrade" and could become "the next token to deliver 100x returns." He referred to the success of JustLend, a decentralized lending platform built on TRON, modeled after Ethereum projects like Compound and AAVE.
According to Sun, thanks to TRON's high transaction speed and low fees, JustLend generates sustainable profits in the tens of millions of dollars, with lending yields reaching up to 30% in some cases.
Growing Demand for JST and Success of USDD
Among the growth factors for JST, Sun highlighted the development of the USDD stablecoin, issued by the Just platform and supported by the TRON DAO Reserve. He stated that the active integration of USDD into DeFi applications has boosted demand for JST and strengthened its role within the TRON ecosystem.
Sun also confirmed plans to use the profits from the Just ecosystem for buybacks and burning of JST tokens, aiming to reduce the token’s market supply.
Notably, active purchases of JST began on April 26, just hours before Sun’s public statements. The token quickly gained popularity on centralized exchanges, soon becoming the top asset by number of open longs on CEX platforms.
Listing of Futures on Binance
On April 28, Binance announced the listing of a perpetual futures contract for JSTUSDT with leverage up to 75x. Trading began at 09:30 UTC. The new instrument was introduced as part of Binance Futures' expansion of its trading options lineup and aims to boost liquidity and interest in the token.
The decision to list JST futures followed the surge in activity around the Just project and expectations tied to the aggressive token burn strategy and the expansion of the TRON ecosystem.
This post is for informational purposes only and is not an ad or investment advice. Please do your own research making any decisions.