solana:BANKJmvhT8tiJRsBSS1n2HryMBPvT5Ze4HU95DUAmeta has been sideways since Sept 4. Some days it moves up, but it quickly reverts, so let’s understand exactly what’s happening. Looking at cohort analytics, we see there’s no clear pattern and it changes quickly. Fish were accumulating and are now deep in distribution, while dolphins were distributing and are now leading accumulation. Which explains why solana:BANKJmvhT8tiJRsBSS1n2HryMBPvT5Ze4HU95DUAmeta has been in the same place for the past 2 months: one day the cohorts are accumulating, the next they’re selling. The most consistent has been the sharks ($100K-$500K), who held accumulation from Sept 21 to Oct 18, longer than any other cohort, but even they turned neutral after that. Dig into everything around solana:BANKJmvhT8tiJRsBSS1n2HryMBPvT5Ze4HU95DUAmeta yourself here: app.tokenflow.tech/protocol-…

Explore the full solana:PRVT6TB7uss3FrUd2D9xs2zqDBsa3GbMJMwCQsgmeta data yourself on our open dashboard: app.tokenflow.tech/protocol-…

By checking solana:PRVT6TB7uss3FrUd2D9xs2zqDBsa3GbMJMwCQsgmeta cohort analytics, we can see that sharks and retail changed sides a lot over the past 90D. But since Sept 16 that shifted: solana:PRVT6TB7uss3FrUd2D9xs2zqDBsa3GbMJMwCQsgmeta sharks turned into deep accumulation and have been accumulating ever since, with sharks today at the highest score, 0.97, carrying this move up, while all of retail is in distribution. The point where sharks started accumulating consistently is when solana:PRVT6TB7uss3FrUd2D9xs2zqDBsa3GbMJMwCQsgmeta began moving up again.

solana:PRVT6TB7uss3FrUd2D9xs2zqDBsa3GbMJMwCQsgmeta is up 100%+ in the past month, and we’ll show you exactly when this move started on the TokenFlow dashboard 👇

Dig into everything around $JTO yourself here: app.tokenflow.tech/protocol-…

On CEXs, $JTO did $5B in volume over the past 30D across 46 exchanges and 80 trading pairs. Highest daily volume over that period was on October 8, with $133M that day alone, led by Binance.

Now to $JTO LPs: -> $JTO TVL has been trending down over the past 3 months, from $2.1M in July to $1.5M now, with $97K in 24h volume -> Net inflow over the past 90D shows -$1.1M -> The pool leading in TVL and volume is the Orca JTO/JitoSOL 0.30%, followed by another Orca JTO/JitoSOL 1% and the Meteora JTO/USDC 0.25%

$JTO is up 3%+ in the past 24h, so let’s have a deep dive into what’s happening around it 👇 Starting with whale analytics: -> It’s clear from this chart that $JTO’s PA is highly dependent on what its whales do. When whales are selling, $JTO usually moves down; when they’re buying, it usually moves up. Not that $JTO only moves on whales, but the big moves are led by them -> Right now sharks and dolphins are deep in accumulation, with sharks leading at 0.95 and dolphins at 0.82. Retail is mostly neutral to accumulation -> The 227 whale and shark wallets hold 96.2% of $JTO supply