JustLend DAO Completes Fifth $JST Buyback and Burn, Destroying Over 170 Million Tokens

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JustLend DAO executed its fifth $JST buyback and burn on October 17, 2026, destroying 170,723,144 tokens. The tokens were sent to a burn address, with all transactions publicly verifiable on-chain. This action supports and resistance levels for $JST by reducing supply. On-chain trading signals indicate consistent demand amid the deflationary strategy. The move follows community governance approval and continues the DAO’s token reduction plan.

Odaily Planet Daily report: On October 17, JustLend DAO announced that, in accordance with the community-approved proposal for the JST buyback and burn program, the fifth $JST buyback and burn was successfully completed on October 16, 2026 (SGT). A total of 170,723,144 JST tokens were burned and transferred to a burn address, with all transactions verifiable on-chain. This buyback and burn represents a significant step in JustLend DAO’s ongoing efforts to implement deflationary mechanisms and fulfill community governance decisions, further strengthening token value support and the long-term sustainability of the ecosystem. From proposal to on-chain execution, the entire process was transparent and public, providing a verifiable governance model for future buyback and burn initiatives.

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