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[Jito Transfers $8 Million Worth of JTO Tokens, Possibly for a Transaction] According to Arkham analyst Emmett Gallic, Jito transferred $8 million worth of JTO tokens from an independent custody address on September 16. This wallet had remained inactive since receiving 25 million JTO two years ago, and this transfer may indicate a transaction. Previously, the Jito Foundation announced an update to the JTO tokenomics on September 4.