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- Jupiter repurchases 16.86M JUP tokens worth $9.32M in buyback.
- 50% protocol fees allocated for buyback, locked for three years.
- Positive community response to potential token value increase.
On March 23, 2025, decentralized exchange aggregator Jupiter executed a $9.32 million buyback of 16.86 million JUP tokens from protocol fees collected on the Solana blockchain.
The buyback, prioritizing token scarcity, mirrors a January initiative and aims to enhance market value by 60% as noted previously.
Jupiter, a major player in the decentralized exchange sector on Solana, initiated its buyback program, allocating 50% of protocol fee revenue to repurchase and lock JUP tokens. The process involved buying back 16.86 million tokens worth $9.32 million.
Market dynamics are expected to shift significantly as the buyback intends to improve token scarcity and value. Past similar moves resulted in a substantial token price increase, setting strong precedents for potential market shifts.
Community responses have largely been positive, with users expressing excitement. Jupiter’s founder, Meow, emphasized transparency and commitment to the ecosystem, promising a forthcoming comprehensive dashboard for tracking buyback transactions.
Analyzing January 2025’s 60% Surge in JUP Value
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In a similar buyback in January 2025, JUP’s market value surged by 60%, offering a potential upside for investors anticipating repeated trends.
Jupiter (JUP), a token in the decentralized exchange niche, is currently priced at $0.54, according to CoinMarketCap. The token’s market cap stands at $1.45 billion, with a fully diluted market cap of $5.39 billion. The trading volume in the past 24 hours reached $78.63 million, marking a 102.14% increase. JUP has shown a 1.82% price hike over the past 24 hours, a 7.49% increase in seven days, though it experienced declines of 31.21%, 32.58%, and 34.53% over the past 30, 60, and 90 days, respectively. The circulating supply is 2.69 billion out of a maximum supply of 10 billion, last updated on March 23, 2025.
Experts suggest the buyback might trigger further positive sentiment and value increases. Analyst views indicate that such strategic buybacks could foster investor confidence and improve liquidity within the Solana ecosystem, bolstering the token’s market position.
“We want more JUP. So buybacks start on Monday. 50% of all protocol fees will go towards buying $JUP and locking it for 3 years. J4J” – Meow, Founder, Jupiter Exchange
