JITO (JTO)

Here's your Crypto Watchlist for the Week: The main theme I’m watching this week is that switch-and-holder revenue trades are starting to matter again. $JTO +39% this week and +83% on the month. It's generated $6.25M in fees over the last 30 days, with $0 going to holders. If the fee switch conversation keeps moving, JTO probably stays on watch. $AERO +36% this week and still controls 52.6% of Base DEX volume. The holder yield is already at 14.6% with 100% distribution, and mainnet expansion is about to provide another catalyst. $VELO is up 32% this week, but I don’t really view this as a standalone trade anymore. The real setup is the $AERO merger in July 2026. VELO holders are set to receive 5.5% of the new AERO supply, so this is more of a merger arb than a long-term VELO thesis. The window closes once Aero launches, and price still looks like it’s catching up to the conversion. $UNI +21.3% this week, $43.4B in 30d volume, and $53.7M in fees over the last month. The fee-switch debate is back on CT, so governance is what to watch. On Solana, $KMNO still looks interesting. $1.2B TVL, $4.67M in 30d fees, and up 19.4% this week. There is a small unlock this week, so I’m watching how the market reacts to it. $ETHFI has the same “revenue exists, distribution doesn’t yet” setup. They have $3.2B TVL, with $11.6M in 30d fees, 70K active cards, and $2M in daily card spend. Holder revenue is still $0, which makes the mechanism more important than the current numbers. $AAVE feels like a cleaner setup. $12.8B TVL, $41M in 30d fees, still down 16.9% on the month. Tokenized stocks as collateral remain the catalyst I'm paying attention to. $ENA remains one of the main yield infrastructure names. $4.86B TVL, $18.5M in 30d fees, and still tied to a lot of what is being built around stablecoin yield. $PENDLE is more nuanced. +9.3% this week but still down 20.3% on the month, with TVL down 38.5%. The V2 reset makes the TVL drawdown look worse, but Boros is the part I’m watching. On-chain funding rate markets could be a much bigger category than people are pricing in. $EULER still looks mispriced to me. $288M TVL, $2.1M in 30d fees, and a $24.7M market cap. Same thesis as last week. $CFG is more of a narrative laggard. Centrifuge is now on Base through Coinbase, with $58M in RWA TVL on Base alone, +738% in 30 days while price is -15%. Unlocks to watch: $KMNO: 52.7M tokens / ~$1M $ETHFI: 1M tokens / ~$350K Security: Axelar exploit: $4.67M lost through the Secret Network bridge connection. Microsoft also flagged USB-spreading malware targeting crypto wallet credentials. Hardware wallet reminder. Macro: CLARITY still needs Senate Democrats to clear the 60-vote threshold before the August recess. BlackRock launched BITA, a Bitcoin ETF with monthly income through covered calls. The 2-year Treasury is at 4.22%, so the opportunity cost of holding risk assets is still real. What am I missing this week?

Current altcoin watchlist https://t.co/erjjH9HzrU

I continue to be incredibly excited about the stellar work that the Blockworks team is putting in, and I continue to believe that the majority doesn't give this enough love and attention as they are underestimating what kind of key role these filings will play as they continue to evolve. They just released the B-2 filing for more transparency for well established and more mature protocols, while the B-1 filing was rather focused on projects that are around their TGE in their lifecycle. Especially things like KOL marketing activities, backdoor advisory and CEX deals, market maker agreements etc are the exact opaque things that so many liquid investors have been burnt on before. Impressive to see strong projects like @jito_sol, @MetaDAOProject, @Morpho, @metaplex and many others leading by example and finally changing this once and for all. The Blockworks transparency filings are the single best tool to bring more trust into token capital markets, and slowly but surely you should be questioning every project that's trying to avoid these filings. Since they are completely free for projects, this can only mean one thing: they have something to hide. Slowly but surely, we are separating the wheat from the chaff, and as these filings evolve and the industry gets more used to them, there will soon be no way around them for founders who are serious about their tokens. @JasonYanowitz and @MikeIppolito_ the heroes we didn't deserve.

🚀 @SpaceX hits ~$229.40 in after-hours, near $3T valuation — potential 4th most valuable company. S&P 500 +$1.2T on US–Iran deal optimism. Bank of Japan hikes to 1%. • JTO +25% (@RobinhoodApp listing) - $0.80 key level • SIREN -96% after 94% whale exit → pure on-chain risk News: • @deepseek_ai $7B raise (> $50B valuation) • @BlackRock launches BTC income ETF on Nasdaq • DeFi hacks → $13B outflows • US wallets move ~$349K crypto (~$8.31M monthly) Macro + liquidity + on-chain = one story right now.

$JTO while every altcoin dumps. Silent. Steady. Up 79% in a month. Now it formed a cup and handle pattern. JTO Is just waiting to form its handle. After that will it surprise us again? https://t.co/l0rVI2QmLp

Although there have been some pumps, overall missing *real* follow through. Good example on $JTO - 1H trend shouldn't stall that quick, hence my TP. $WLD / $AKT tried range high reclaims but couldn't, $XPL no strength today (yet). Mixed feelings. https://t.co/dy8S4Zdib0