$JTO – Short Setup
Opened a $100K short around 0.3U. The token is fully unlocked, meaning a large portion of supply is already in circulation — and much of it sits with early or institutional holders likely looking for exit liquidity.
The top 100 addresses reportedly control around 69% of the supply, which creates high concentration risk. Recent trading volume spiked to levels even exceeding market cap multiples, but that kind of activity can sometimes reflect internal rotation rather than genuine new demand.
After a prolonged decline, sharp rebounds may simply provide liquidity for distribution rather than signal a true reversal. With incentives and fees adjusting, volatility could increase further.
If you’re trading this, approach with discipline and strict risk management before entering any short position. 👇$JTO
