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Jupiter spent over $70 million to purchase again JUP, however the token worth nonetheless stays down almost 89%.
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The core crew questions the buyback technique and suggests shifting funds to consumer rewards and platform progress.
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Moreover, JUP airdrop was decreased from 700 million to 200 million to scale back promoting stress.
Jupiter Trade, a number one DEX aggregator primarily based in Solana, is reconsidering its JUP token buyback plan as JUP continues to be buying and selling 89% under its all-time excessive after spending over $70 million with little influence on the worth.
On the similar time, the platform decreased the JUP airdrop from $700 million to $200 million to alleviate stress.
Jupiter Trade Plan to finish JUP buyback
In a current publish, Siong, a core member of the Jupiter Trade crew, requested the group if it is likely to be higher for the undertaking to halt JUP buybacks. He shared that Jupiter spent over $70 million on share buybacks final yr, however the token worth moved little.
This led to a easy query: Ought to the funds be used to construct and develop the platform as a substitute of shopping for tokens?
Siong mentioned the JUP crew proposed utilizing the funds for consumer rewards, new options, and higher incentives.
What do you assume if we cease JUP repurchases?
We spent over 70 million on share buybacks final yr, however clearly the worth did not transfer a lot.
70 million out there as progress incentives for current and new customers.
Ought to I do it?
— ⚔️ SIONG (@sssionggg) January 3, 2026
Becoming a member of the dialogue on X, Amir Haleem, founding father of Helium (HNT), responded along with his personal expertise. Haleem mentioned the market not rewards token buybacks prefer it used to.
He mentioned Helium and Helium Cellular generated $3.4 million in income in October alone, and the crew determined to make use of that cash to develop actual customers, develop the community, and construct partnerships reasonably than purchase tokens.
JUP buyback has restricted influence on worth
Earlier stories and governance discussions point out that Jupiter has spent the vast majority of its earnings on JUP buybacks over the previous yr. The change had promised to make use of 50% of its protocol charges to purchase again JUP and lock up the token for 3 years to scale back provide and assist long-term worth.
Regardless of these efforts, the JUP token worth continues to be down about 89% from its all-time excessive of $1.83.
The token is at the moment buying and selling round $0.205, close to multi-month lows and underperforming many different Solana-based tokens at the same time as Jupiter’s platform continues to see sturdy progress.
Scale back the dimensions of JUP Airdrop to scale back gross sales stress
Along with the acquisition story, Jupiter additionally shared main adjustments to JUP Airdrop. The entire airdrop quantity was decreased from 700 million JUP to 200 million JUP. This transfer is aimed toward decreasing promoting stress as soon as the tokens are distributed.
Of this, 175 million JUP shall be allotted to lively group customers and 25 million JUP shall be reserved for individuals who stake JUP.
Moreover, 200 million JUP is reserved for stakers solely. An extra 300 million JUP will stay locked to assist JupNet’s long-term progress, and an additional 300 million shall be used for ecosystem rewards and won’t be offered within the quick time period.
The ultimate snapshot of the airdrop is about for January 30, 2026, with $0.20 marked as the ultimate entry worth.
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