Market
What will be the market cap ranking of $JUP token by the end of 2025?
2
Resolution / Starting Odds
Top 50 • 25%
51-100 • 25%
101-200 • 25%
Below 200 • 25%
Market capitalization data from CoinMarketCap or similar platforms
Story
JupiterExchange Burns 3 Billion $JUP Tokens, Reducing Supply by 30%, Commits 50% Fees to Buybacks; Token Soars 40%
Jan 26, 2025, 04:54 PM
JupiterExchange, a prominent cryptocurrency platform, has announced a significant token buyback and burn initiative, emphasizing "alignment in action" to bolster the value of its native token, $JUP. The company declared that 50% of its protocol fees will now be allocated towards repurchasing $JUP tokens. In addition, JupiterExchange has burned 3 billion $JUP tokens, equivalent to approximately $3.6 billion, reducing the total supply by 30% to 7 billion tokens. These strategic moves were unveiled by the platform's founder, Meow, during the "Catstanbul 2025" event. Following the announcement, the price of $JUP surged by up to 40%, reaching $1.20, as investors reacted positively to the news. The initiatives are expected to enhance token scarcity and align the platform's interests with those of its token holders.
View original story
Similar markets
Increase by more than 50% • 25%
Decrease by more than 50% • 25%
Decrease by 10-50% • 25%
Increase by 10-50% • 25%
Above $1.00 • 25%
$0.91 to $1.00 • 25%
$0.80 to $0.90 • 25%
Below $0.80 • 25%
Increase by more than 10% • 25%
Decrease by more than 10% • 25%
Decrease by 0-10% • 25%
Increase by 0-10% • 25%
$1.00 to $1.50 • 25%
Above $2.00 • 25%
$1.51 to $2.00 • 25%
Below $1.00 • 25%
No • 50%
Yes • 50%
None of the above • 25%
Ethereum (ETH) • 25%
Binance Coin (BNB) • 25%
Bitcoin (BTC) • 25%
