Why is JUST (JST) up 5.20% Today, July 21? A 355M-Token Burn Revives the Buyback Trade

JST outperformed majors after JustLend DAO completed its fourth buyback-and-burn, removing 355,021,530.97 tokens and reinforcing a scarcity/value-accrual narrative. The market reaction appears delayed and attention-driven, helped by a subsequent ecosystem recap, with meaningful spot turnover indicating real participation. There is no verified evidence of a leverage-fueled squeeze or a sudden step-change in lending activity, so the catalyst remains primarily tokenomics and visibility.