Jupiter, a decentralized exchange on the Solana network, is thinking about ending its $JUP token buyback program after spending over $70 million on repurchases in 2025.
In a post on X on Saturday, Jupiter co-founder Siong Ong asked the community if the money could be used in a better way, like rewarding users or attracting new people, since the token price stayed almost the same.
Jupiter is one of the top five Solana exchanges by number of active wallets. In the past month, it had around 1.48 million users and $169.8 million in trading volume. The exchange is also preparing Q4 staking rewards and a January 2026 airdrop of up to 700 million tokens.
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