JUPITER FOUNDER ADMITS MISTAKE – SHIFTS STRATEGY FOR FUTURE GROWTH
On August 9, 2025, Meow (@weremeow), the pseudonymous founder of Jupiter Exchange, openly admitted on X that he made a “very, very bad mistake” by focusing too much on pleasing the community rather than driving the project’s core vision forward. Despite being fully committed—with his personal JUP holdings locked until 2030—Meow expressed frustration over the community’s fixation on negatives, such as unspent budgets, while overlooking the team’s responsiveness and progress.
Jupiter, which operates a leading Solana-based DEX, has faced backlash over issues raised by DAO members, including claims that token burns primarily protect the team’s interests, that DAO governance lacks genuine influence, and that $JUP has little real utility. Critics argue that the token should be transformed into a valuable asset with tangible utility, long-term holder rewards, and direct links to Jupiter’s revenues.
In response, Meow announced a strategic shift to focus on high-level priorities: strengthening Jupiter’s “DeFi superapp,” launching its new studio project, developing Jupnet, and fostering stronger team ownership and growth. If community-proposed solutions—such as building real token utility and aligning incentives—are implemented, $JUP could evolve from a speculative asset into a true stakeholder-driven token, fueling sustainable value and adoption.
