Overview
- Co-founder Siong Ong said last year's repurchases topped $70 million and proposed ending the program in favor of growth spending.
- The buyback policy had directed roughly half of protocol revenue to open-market JUP purchases locked for three years.
- JUP trades near $0.20, roughly 88–89% below its $1.83 peak, despite the yearlong repurchases.
- The team cut the planned airdrop to 200 million tokens from 700 million, with the final snapshot scheduled for Jan. 30.
- New commentary from Solana’s Anatoly Yakovenko and Helium’s Amir Haleem argues buybacks struggle against heavy unlocks, favoring longer-term capital or user growth strategies.