According to Techub News, Jupiter co-founder siong tweeted that over $70 million was used for buybacks last year, but the token price "clearly didn't change much," adding that these funds could be used to reward existing and new users to drive growth. Whether to suspend buybacks is still under discussion, and no final decision has been made.
Jupiter co-founders proposed suspending discussions on the JUP buyback.
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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