JPM Coin shows zero Ethereum supply after October launch, Sentora review finds
Sentora reports JPM Coin has zero supply and zero transfers on Ethereum since its October 19 launch, with only one allowlisted address registered.
Why it matters
The zero supply on Ethereum suggests limited early adoption of JPM Coin's public-chain expansion, while the static Base balance and separate JLTXX fund movements indicate the bank's tokenized deposit and fund strategies are operating independently for now.
Key facts
JPM Coin recorded zero circulating supply and zero transfers on Ethereum as of October 22
Reported by Crypto.News
The Ethereum contract shows exactly one allowlisted address
Reported by Crypto.News
JPM Coin launched on Ethereum on October 19 for approved institutional clients
Reported by Crypto News (CryptoNews.net)
No live on-chain integration connects JPM Coin with JPMorgan's funds or DeFi protocols
Reported by Crypto.News
What happened
On-chain research firm Sentora found that JPMorgan's JPM Coin (JPMD) recorded zero circulating supply and zero transfers on Ethereum as of October 22, days after its October 19 launch for approved institutional clients. The Ethereum contract shows exactly one allowlisted address. On Base, where the token debuted in November 2025, about 1,001,000 tokens remain across two addresses, unchanged since November 20, 2025. Separately, Sentora reported $400 million in JLTXX redemptions on Ethereum across October 21–22 and a rise in the fund's Solana deployment from near zero to $450 million, though no transactions connect the two movements. Sentora found no live on-chain integration linking JPM Coin with JPMorgan's funds or DeFi protocols.
How the story developed
- Update
JPM Coin launches on Ethereum
Deposit token goes live for approved institutional clients
- Update
Sentora publishes contract review
On-chain research firm reports zero Ethereum supply and JLTXX fund movements
- First report
First report by Crypto.News
JPM Coin has zero Ethereum supply after launch, Sentora says
- Update
JPM Coin launches on Base
Token debuts on Coinbase's Layer 2 network
How coverage built up
Independent sources over time, counted the way the consensus panel counts them: a republication of a wire story does not move the line.
- 23 Oct 2026, 20:09 UTC: Crypto.News — 1 independent source, 1 reports
- 23 Oct 2026, 21:59 UTC: Crypto News (CryptoNews.net) — 2 independent sources, 2 reports
Affected entities
Also mentioned: Coinbase
Original sources
| Publisher | Report | Role | Published |
|---|---|---|---|
| Crypto.News Crypto media | JPM Coin has zero Ethereum supply after launch, Sentora says | Original | |
| Crypto News (CryptoNews.net) Aggregator | JPMorgan's JPM Coin Shows Zero Supply on Ethereum (ETH) After Oct. 19 Launch | Syndicated |
Related events
JPMorgan expands JPM Coin to Ethereum mainnet and publishes first Bitcoin return forecast in 2027 outlook
JPMorgan launched its JPM Coin deposit token on Ethereum for 24/7 institutional transfers and released its 2027 Long-Term Capital Market Assumptions projecting a 10% base-case annual Bitcoin return with 55% volatility.
Ethereum Network Gains JPM Coin Deposit Token for Institutional Payments
JPMorgan expands tokenized money market funds MONY and JLTXX to Solana for qualified US investors
JPMorgan Asset Management launched its MONY and JLTXX tokenized money market funds on Solana, accessible to qualified US investors via the Morgan Money platform.
AAPL Price Prediction: Analyst Price Target Upgrades Meet a Stalling Momentum Signal at $343
Solana Foundation launches open-source Solana DvP settlement program with input from JPMorgan
The Solana Foundation launched Solana DvP, an open-source escrow program for atomic delivery-versus-payment settlement by financial institutions, with JPMorgan providing input on settlement practices.
JPMorgan puts2026 crypto inflows near $50 billion as ETF flows turn positive
JPMorgan analysts estimate about $50 billion has entered digital assets in 2026, an annualized pace of roughly $66 billion, with ETF flows positive since August.