As a leading Solana DEX aggregation platform, Jupiter Exchange is reconsidering its buyback strategy after spending over $70 million to repurchase JUP tokens. Since the JUP price remains nearly 89% below its all-time high, the buyback has had minimal effect. A core team member proposed using future funds for user incentives and platform development. Meanwhile, the platform has reduced its original JUP airdrop scale from 700 million to 200 million tokens to alleviate potential selling pressure during distribution.
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As a leading Solana DEX aggregation platform, Jupiter Exchange is reconsidering its buyback strategy after spending over $70 million to repurchase JUP tokens. Since the JUP price remains nearly 89% below its all-time high, the buyback has had minimal effect. A core team member proposed using future funds for user incentives and platform development. Meanwhile, the platform has reduced its original JUP airdrop scale from 700 million to 200 million tokens to alleviate potential selling pressure during distribution.