JustLend DAO’s third share buyback burns $271.3 million $JST Worth $21.3 million, total supply destroyed increased to $1.36 billion $JSTreached 13.7% as a deflationary plan funded by revenue is underway.
JustLend DAO has executed its third major share buyback and burnout. $JSTpermanently removes 271,337,579 tokens with an estimated value of $21.3 million from circulation. The Tron-based lending protocol said in an April 16 announcement that the burned tokens were sent to a “black hole” address and were funded by Q1 2026 net profits and accumulated past profits.
Due to this event, $JST Destroyed tokens rose to 1,356,228,332, accounting for 13.70% of the total token supply, further extending the rapid deflationary trend that began in late 2025. In the early rounds, JustLend erased around 1.08 billion. $JST The total value of the two stock buybacks is approximately $40 million, which is approximately 10.96% of the supply within three months.
JustLend reiterated that its buyback program is clearly tied to the protocol’s profitability, describing the burn as a “value enhancement” driven by real cash flow from loan spreads and Tron’s other revenue sources. TRONSCAN data previously cited by Phemex and other news outlets showed it was destroyed early in the program. $JST The total amount is worth approximately $44.8 million, underscoring that this initiative is more than just a symbolic supply reduction.
According to previous disclosures, JustLend’s first burn occurred in October 2025 during what CryptoSlate calls a “revenue-driven deflationary cycle,” at which time the broader JUST ecosystem reported approximately $12.2 billion in total locked, or approximately 46% of Tron’s on-chain TVL. A subsequent burn in January 2026 removed an additional 525 million people. $JST The token value will reach approximately $21 million, bringing the cumulative total up to the latest Q1 2026 event to just over 1.08 billion.
Market reaction has been mixed. Previous reporting from NewsDirect and other outlets noted that: $JSTPrices hovered around $0.04, increasing only slightly after the second burn, despite 11% of supply being retired. This suggests that traders are partially pricing in a deflationary schedule. CoinMarketCap Top Stories Desk reported 3.6%. $JST The market repriced a program that destroyed 11% of its supply in 90 days, and its burn rate was said to exceed BNB’s deflation, rising for 33 hours.
JustLend says it will continue to perform quarterly buybacks and burns for the duration of the program and “provide regular transparent updates to the community.” The question now for holders is whether the total burn, which has already reached 13.70% of supply and is increasing further, can change meaningfully. $JSTlong-term valuation, or whether the fundamentals and DeFi demand for Tron will be more important than the sheer number of tokens being sent to the black hole, as previous price movements suggested.
