JUST DAO Burns 170 Million JST as Its First Buyback Phase Ends

By Isaac • October 18, 2026 11:19 am •

JUST DAO says it has finished the fifth round of its JST buyback-and-burn program, removing another 170.7 million tokens while closing the reserve-backed first phase of the plan.

The burn is substantial. The more important question is what happens now that the original reserve has been fully deployed.

CryptoSlate published a paid partner report presented by JustLend DAO saying the October 16 transaction destroyed exactly 170,723,144 JST, equal to about 1.72% of total supply and carrying an estimated value of $23.53 million. JUST DAO’s official posts independently repeat those core figures and say the burn can be checked on-chain.

The group says five rounds have now removed roughly 1.881 billion JST, reducing supply from 9.9 billion