Justin Sun predicts JST token could grow 100x with JustLend

Justin Sun, founder of TRON, highlighted the strong potential of the JST (CRYPTO:JST) token driven by the growth of the JustLend platform. 

Sun described JST as “a token 100 times of the future,” emphasizing that JustLend’s expanding ecosystem and revenues are key factors behind this outlook.  

JustLend, a permissionless lending protocol on the TRON (CRYPTO:TRX) blockchain, currently holds around $3.7 billion in total value locked (TVL).  

Its user-friendly interface, attractive yields, and flexible lending options have helped it become a significant player in the DeFi market.  

Sun projects that JustLend will generate over $100 million in annual revenue, with a large portion used for JST token buybacks and burns to reduce supply and support price appreciation.  

He stated that profits from JustLend will be strategically deployed to enhance JST’s market value, creating a supply-demand balance favorable to investors.  

This buyback and burn model is intended to strengthen JST’s position and increase investor confidence in the TRON ecosystem.  

While Sun’s statements have generated excitement, some analysts urge caution due to the inherent volatility and regulatory risks in DeFi.  

Nevertheless, the growth roadmap for JST includes high revenue expectations, regular buybacks, and a stable supply policy to support medium- to long-term value.  

Investors are advised to monitor developments carefully and consider the evolving dynamics of TRON’s DeFi landscape.  

On-chain data shows rising trading volumes and active wallet counts for JST, reflecting increased market participation.  

The success of JustLend and the expansion of USDD (CRYPTO:USDD)  stablecoin further bolster JST’s utility and demand within the ecosystem. 

At the time of reporting, the JST price was $0.03725.