Multicoin: We are optimistic about JTO, it has a 4-5 times growth potential

On March 4, Multicoin Capital published a 45-page JITO asset valuation report. Multicoin Capital stated that it has accumulated a substantial position in the native token of the Jito Network, JTO, over the past three years through its hedge funds and venture capital funds. Multicoin Capital's optimistic valuation price for JTO is $11.63, which is 4.45 times the time-weighted average price (TWAP) of $2.61 as of March 3, 2025. After the publication of Multicoin Capital's Jito report, the price of JTO quickly rose from $2 to around $2.4, an increase of nearly 20%.