The Jupiter community has initiated a vote on whether to burn 130 million JUP tokens previously repurchased by the DAO. This decision follows a strategic shift to refocus on JUP as the ecosystem's core, aiming to rebuild long-term confidence. The tokens, representing about 4% of the circulating supply, were initially intended for DAO use after three years but have since been viewed as a source of uncertainty. The vote, which started today, will conclude in four days and 13 hours.
Currently, 50% of Jupiter's on-chain revenue is allocated to the "Litterbox Trust Fund," which repurchases JUP from the market. A separate vote is planned in the coming weeks to decide the future handling of this revenue stream.
Jupiter Community Votes on Burning 130 Million JUP Tokens
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