BlockBeats News, September 16th, according to Arkham analyst Emmett Gallic, Jito transferred $8 million worth of JTO from its cold storage address early this morning.
Emmett Gallic stated that since receiving 25 million JTO from the Jito Dev Council Squad, this wallet had been inactive for two years. This is believed to be a sell-off transaction.
On September 4th, the Jito Foundation announced an update to the JTO tokenomics.