Buybacks aren't supposed to move price, they are supposed to sustain price while providing exit liquidity, idk how the people responsible for them haven't figured this out or they are just being disingenuous
Having said that I think buybacks did a great job for $JUP , it sustained a valuation over $5 Billion FDV for months, but nothing can save from unlock pressure at that level
It's convenient to mention that $JUP unlocks started vesting 1 week before buybacks started

SIONG
@sssionggg
01-03
what do you all think if we stop the JUP buyback?
we spent more than 70m on buyback last year and the price obviously didn’t move much.
we can use the 70m to give out for growth incentives for existing and new users.
should we do it?
jfc slow with the ai slop spam replies, wtf @nikitabier fix this shit
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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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