Jito Price Drops, But Investors Keep Buying Amid Growing Accumulation

Jito's [JTO] price has dropped by nearly 10% over the past week, but despite this decline, the asset is still attracting significant buying interest in the spot market.

Data from CoinGlass shows that investors have been accumulating JTO at a rate of $24.72 million over the past four days, with a net inflow of $2.02 million.

This suggests that despite the price drop, investors are still confident in JTO's potential for long-term growth and are viewing the decline as an opportunity to buy at a discounted price.

The on-chain data also shows that Total Value Locked (TVL) has surged by $243.81 million since August 19th, indicating growing investor interest in the protocol.