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Decentralized trading platform Jupiter begins JUP token buyback
Jupiter has started its JUP token buyback, acquiring 4.88M tokens for $3.33M. The buyback will use 50% of protocol fees to lower token supply. The goal is to enhance JUP’s value via supply reduction, aligning with DeFi practices. Jupiter, a leading decentralized exchange (DEX) aggregator on the Solana blockchain, has officially launched its first buyback […] The post Decentralized trading platform Jupiter begins JUP token buyback appeared first on CoinJournal.
- Jupiter has started its JUP token buyback, acquiring 4.88M tokens for $3.33M.
- The buyback will use 50% of protocol fees to lower token supply.
- The goal is to enhance JUP’s value via supply reduction, aligning with DeFi practices.
Jupiter, a leading decentralized exchange (DEX) aggregator on the Solana blockchain, has officially launched its first buyback of JUP tokens, marking a significant step in its strategy to enhance token value and stability.
On February 26, 2025, on-chain data revealed that Jupiter repurchased 4.88 million JUP tokens, valued at $3.33 million, using its designated Jupiter Litterbox address for all transactions.
Jupiter(@JupiterExchange) 已开启针对 $JUP 的首次回购
