🚨BREAKiNGJupiter🚨
🔑 Jupiter to buyback JUP tokens with 50% of fees starting next week📊
📊Exchange, a leading decentralized trading aggregator on Solana, announced plans to allocate 50% of its protocol fees toward repurchasing and locking JUP tokens for three years, starting Feb. 17
The initiative, which aims to reduce circulating supply and increase long-term stability, is part of Jupiter’s broader strategy to enhance platform sustainability and drive deeper engagement within the Solana ecosystem.
Jupiter’s latest buyback effort follows a similar initiative in January, when the exchange used 50% of protocol fees to buy back and burn JUP tokens, contributing to a 60% increase in the token’s market value.
Jupiter’s decision to introduce a structured buyback program mirrors broader trends in the crypto industry, where exchanges and protocols increasingly use supply control mechanisms to stabilize token value and incentivize user participation.
🗞Major platforms have employed similar strategies, including Binance Smart Chain’s BNB burns and MakerDAO’s buyback
