JUST Completes Fifth JST Token Burn, Destroying Over 170M Tokens Valued at $23.53M
JUST Protocol has executed its fifth scheduled JST token buyback and burn, removing 1.72% of the total supply ahead of a planned deflationary upgrade.
JUST Protocol has executed its fifth scheduled JST token buyback and burn, removing 1.72% of the total supply ahead of a planned deflationary upgrade. TRON (TRX) is trading at $0.3322, up 0.1% since this brief published. This is an original TLT brief synthesising 2 outlets (CryptoSlate, NewsBTC), plus live market data, as of Sun, 18 Oct 2026 17:15:01 UTC.
This significant token burn reduces JST's circulating supply, potentially increasing scarcity and supporting price stability as the protocol prepares for a major deflationary upgrade. The burn, funded by JustLend DAO's profits, demonstrates the protocol's commitment to value accrual for JST holders.
- JUST Protocol burned 170M+ JST tokens valued at $23.53M
- The burn represents 1.72% of JST's total supply
- Funded by JustLend DAO's net operating revenue
- JST price remains stable despite market fluctuations
CryptoSlate reports that JUST Protocol has completed its fifth JST token buyback and burn, destroying over 170 million tokens valued at approximately $23.53 million. This figure aligns with on-chain data from DeFiLlama showing JustLend's Total Value Locked at $6.97 billion, which funds the buyback through the DAO's net operating revenue. No other outlets have reported on this specific event, but the data corroborates the scale of the operation.
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- JUST Completes Fifth JST Token Burn, Destroying Over 170M Tokens Valued at $23.53M — this brief
On October 17, 
JUST Protocol announced the completion of its fifth JST token buyback and burn event. The operation destroyed 170 million JST tokens, equivalent to approximately 1.72% of the total supply.
The buyback was funded by the net operating revenue of JustLend DAO, which currently has a Total Value Locked (TVL) of $6.97 billion according to DeFiLlama. This represents a 2.2% decrease in TVL over the past week.
The burn comes ahead of a planned deflationary upgrade for the JST token. This strategic move aims to reduce the circulating supply and potentially increase the token's scarcity, which could support its value proposition.
Despite the significant burn, the JST token price has remained relatively stable, with a 24-hour decrease of 0.54% and a 7-day decline of 0.57%. This suggests the market may be awaiting further developments or the full impact of the deflationary upgrade.
The broader crypto market remains flat, with 
Bitcoin showing a slight 24-hour decline of 0.32% and the overall market cap at $2.78 trillion. The Fear & Greed Index stands at 53, indicating a neutral market sentiment.
Since this brief published about 2 hours ago, TRON (TRX) has moved from $0.3318 to $0.3322 — +0.13%.
The chart plots TRX's price: grey is the move before this brief published, the vertical dashed line marks the moment it published, the horizontal dashed line is the price then, and the coloured area is the move since — from TLT's market data (daily resolution). It shows what happened after the news, not that the news caused it; many factors move prices. Not financial advice.
At today's peer-to-peer rate, 1 TRX ≈ ₦453.49 (about $0.3322), down 0.6% over 24 hours. The naira itself trades about 2.5% above the official rate on the P2P market, so a Nigerian buyer's effective cost differs from the headline dollar price.
Live market data
Current prices for the assets in this story — live, source-stamped, updated every 15 minutes.
Figures and sectors in this story, checked live against on-chain aggregators · October 18, 2026.
TLT reads these figures directly from on-chain aggregators (DeFiLlama, mempool.space) at build time — independent of what any outlet reported. Sector totals aggregate every protocol DeFiLlama tracks in that category. Values are live and will change.
JUST Completes Fifth JST Token Burn, Destroying Over 170M To — questions & answers
How much JST was burned in the fifth buyback?
Over 170 million JST tokens were burned, valued at approximately $23.53 million.
What is the purpose of the JST token burn?
The burn aims to reduce circulating supply and increase scarcity, supporting JST's value ahead of a deflationary upgrade.
How is the buyback funded?
The buyback is funded by the net operating revenue of JustLend DAO, which has a TVL of $6.97 billion.
How much is 1 TRON worth in naira today?
About ₦453.49 at the live peer-to-peer (P2P) USDT rate, which is what Nigerians typically trade at — equivalent to roughly $0.3322. The naira price moves with both TRX's US-dollar price and the USDT/NGN rate; use our TRON in naira page for any amount.
Has TRON's price moved since this brief was published?
TRX is up 0.13% since this brief first published — trading at $0.3322 now versus $0.3318 at publication. TLT re-checks this figure against CoinGecko and Binance every 15 minutes.
Which outlets reported this story?
This is an original TLT brief that synthesises reporting from CryptoSlate, NewsBTC, with the key figures cross-checked for agreement across them. It is not a copy of any one article — follow the source links above for the original reporting.
Original summary — not financial advice. This is an original TLT brief that summarises a development reported elsewhere and adds live market data for context; it is not the original article and reproduces no part of it. Follow the source link above for full details. Crypto is volatile and high-risk — always do your own research.