Looks like there is some good news for Jupiter. The plan to buy back some tokens and some burning as well, so this strategy still works and despite the market have been so bloody today, it still made some good rise.
- Jupiter plans to burn 3 billion tokens, boosting scarcity and reducing its fully diluted valuation.
- Half of Jupiter’s protocol fee revenue will fund token buybacks, stabilizing its value long term.
- Rising open interest and a positive funding rate signal heightened bullish momentum for JUP.