JTO Rises on Jito Finance's On-Chain Strength Amid Spot Seller Skepticism

Jito Finance's recent on-chain strength has given a boost to its native token JTO, but spot sellers are opposing this move.

The strength of Jito Finance can be measured by its TVL (Total Value Locked), which has been steadily increasing over the past few days. This increase in TVL is likely due to the growing popularity of Jito Finance's services among users.

However, despite this on-chain strength, spot sellers are still opposing the move. They may be concerned about the volatility of JTO and its potential for sudden price drops. Additionally, they might be taking a wait-and-see approach before committing to buying or selling JTO.