DeFi· ★★★· neutral·

JPM Coin shows zero Ethereum supply after launch, Sentora says

  • —JPM Coin's Ethereum contract shows zero supply and zero transfers, with one allowlisted address
  • —Base supply of JPM Coin remains near $1 million across two addresses, unchanged since November 2025
  • —JLTXX redeemed $400 million on Ethereum on Oct. 21–22 as its Solana deployment reached $450 million
  • —Sentora found no live on-chain links between JPM Coin and JPMorgan funds or DeFi protocols
Why it matters: JPMorgan's public-blockchain deposit token has yet to show real on-chain activity, raising questions about its practical adoption.
Source: crypto.news