Jupiter co-founder SIONG has issued a statement seeking opinions on whether to suspend JUP buybacks.

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Jupiter co-founder SIONG issued a statement seeking opinions on whether to suspend JUP buybacks, stating that the project used over $70 million for buybacks last year, but the token price performance did not improve significantly; in contrast, the funds could be redirected to growth incentives for existing and new users. He indicated that whether to stop buybacks and shift to an incentive mechanism still requires further discussion and decision-making by the community.

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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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