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coinpedia 2025-01-27 05:34:53

Jupiter Burns $3.6B in Tokens and Announces Buyback Plan – JUP Price Jumps!

Jupiter Burns $3.6B in Tokens and Announces Buyback Plan – JUP Price Jumps!

The post Jupiter Burns $3.6B in Tokens and Announces Buyback Plan – JUP Price Jumps! appeared first on Coinpedia Fintech News Jupiter, a leading Solana-based DEX aggregator, has made waves by burning $3.6 billion in tokens and launching an exciting buyback strategy. During its first-ever ‘Catstanbul 2025’ event, pseudonymous founder ‘Meow’ announced a game-changing plan, 50% of the platform’s protocol fee revenue will be used to buy back JUP tokens, which will be locked in a “long-term litterbox.” The remaining 50% will fund growth, and future strategies, and ensure operational stability. This announcement triggered a 15% surge in JUP’s price, climbing from $0.89 to $1.07 before stabilizing slightly.

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