š Jupiter (JUP) Implements Token Buyback Program Amid Market Volatility
Jupiter (JUP), a decentralized exchange on the Solana blockchain, has announced a significant token buyback initiative. Starting next week, the platform will allocate 50% of its fees to repurchase JUP tokens, aiming to enhance token stability and increase holder value. cryptoslate.com
This development comes as JUP experiences notable market fluctuations. As of February 18, 2025, the token is trading at approximately $0.00074805, reflecting a slight decrease of 0.04139% over the past 24 hours. The day's trading range has seen a high of $0.00079935 and a low of $0.00066716.
In parallel, the platform faced a security concern when its official account on X (formerly Twitter) was compromised. The breach was used to promote fraudulent meme coins, prompting users to exercise caution and rely only on official channels for information. binance.com
Despite these challenges, Jupiter remains committed to its community. Through strategic initiatives like the token buyback program, it focuses on long-term growth and stability.
