Oh, Jupiter, thou fallen star! Thy $70 million buyback, a mere whisper in the tempest of $1.2 billion unlocks, hath left thy JUP token adrift in the void. 🪐✨
From its celestial peak, the token hath plummeted 89%, a tragic ode to the futility of conventional strategies in a market awash with emissions, unlocks, and the relentless gravity of selling pressure. 🌌⚖️
Founder Siong, in a moment of existential musing, queried the masses: “Shall we cease this futile buyback charade and redirect our coffers to growth? 🧐💡” The community, ever divided, debated like philosophers in a storm, some crying heresy, others nodding sagely.
“We spent more than $70 million on buybacks last year, and the price obviously didn’t move much,” he wrote on X. “We can use the $70 million to give out for growth incentives for existing and new users. Should we do it?” 🤔🎭
His proposal, a gambit to shift from defensive posturing to ecosystem expansion, was met with both applause and jeers. 🎉👎
The buybacks, a droplet in the ocean of unlocks, covered but 6% of the deluge. With 53 million JUP tokens unlocking monthly until June 2026, the circulating supply hath swelled by 150% since launch-a bloated behemoth despite three-year lockups of 100 million tokens. 🌊🐳
Enter Anatoly Yakovenko, Solana’s sage, who proposed a path less traveled: “Stash the cash for future buybacks, and let the unlocks trade at the expected post-buyback price. 🧙♂️📈”
Protocols should actually stash the cash for a future buyback. This would force all the unlocks to trade at the future expected post buyback price. – toly 🇺🇸 (@toly) January 4, 2026 💡🔮
His model, a symphony of capital formation over short-term fixes, aims to anchor token value in the stars rather than the mud. 🌟⚓
Helium, too, hath abandoned its HNT repurchase program, declaring, “The market cares not for token buybacks; let us grow instead!” A sentiment echoed by critics who argue that in utility-driven ecosystems, buybacks are but fleeting illusions. 🪁🚀
an update on HNT buybacks: the market doesn’t seem to care about projects buying their tokens back off the market, so we are going to stop wasting our money under the current conditions
Helium + Mobile generated $3.4M in October alone and I’d rather we use that money to grow the… – amir (@amirhaleem) January 2, 2026 💸🚫
Solana’s ecosystem, with its frequent unlocks and insider priorities, complicates the narrative. Community voices rise, pointing to structural issues as the true villains, not the buybacks themselves. 🦹♂️🔍
The challenge for Jupiter remains: to balance the short-term siren call of price support with the long-term odyssey of ecosystem growth. Yakovenko’s vision, with its staking incentives and capital formation, offers a glimmer of hope-a beacon in the crypto night. 🌠🚀
Read More
- OP PREDICTION. OP cryptocurrency
- USD TRY PREDICTION
- BTC PREDICTION. BTC cryptocurrency
- XRP Alert: Brad’s Swiss Secrets Could Blow Your Crypto Mind!
- GBP USD PREDICTION
- ALGO PREDICTION. ALGO cryptocurrency
- INJ PREDICTION. INJ cryptocurrency
- USD IDR PREDICTION
- USD MYR PREDICTION
- EUR TRY PREDICTION
2026-01-04 23:02