According to ChainCatcher, Jupiter announced on social media that the proposal to reduce the supply of JUP tokens has now been put to vote, with the main goal of providing more certainty, consistency and transparency to all JUP holders and the community. For this proposal, Meow and the core team proposed to reduce the total supply by 30%, from 10 billion to 7 billion.
It is understood that the Jupiter team voluntarily cut 30% of its designated allocation.
