Deep Tide TechFlow News, January 03, Jupiter co-founder SIONG asked the community on the X platform whether to suspend the JUP buyback. SIONG stated that last year, over 70 million USD were spent on buybacks, but the token price clearly did not change much. He suggested that perhaps this 70 million USD could be used to reward existing and new users to promote growth.
Currently, the decision to stop the buyback is still under further discussion.
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Deep Tide TechFlow News, January 03, Jupiter co-founder SIONG asked the community on the X platform whether to suspend the JUP buyback. SIONG stated that last year, over 70 million USD were spent on buybacks, but the token price clearly did not change much. He suggested that perhaps this 70 million USD could be used to reward existing and new users to promote growth.
Currently, the decision to stop the buyback is still under further discussion.