JPMorgan’s JLTXX now records 450.1m token units on Solana, each targeting one $1 share in its government money-market fund designed for stablecoin issuers. Two October 21–22 mints created 430m units for just 0.0000208 SOL in fees. Almost all supply sits in one token account, so the records do not identify buyers or establish fresh capital inflows. Tokenized cash can scale into hundreds of millions while generating negligible direct SOL fee demand. //zero illusion
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