CandleFocus Jupiter announces JUP buyback policy starting Monday
2025-02-13
Author: Content Editor
Jupiter Exchange, a cryptocurrency exchange, will allocate 50% of its protocol fees to buy back and lock JUP tokens for three years, starting Monday. The exchange aims to reduce the JUP token supply and increase token value through this mechanism. They plan to launch a dashboard next week to provide transparency into the buyback activities. This initiative is in line with recent trends in the crypto market, where platforms implement token buybacks for supply management. Jupiter previously implemented a similar buyback initiative in January, resulting in a 60% increase in token value.
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