Jupiter has kicked off its first ever $JUP token buyback, repurchasing 4.88M $JUP ($3.33M) on Feb 26, 2025. This move is part of a broader plan to reduce supply and maintain buying pressure, with 50% of protocol fees allocated for buybacks. The repurchased tokens will be locked for three years, with Jupiter expecting to spend ~$50M on buybacks in 2025 (2.7% of JUP’s $1.8B market cap).

Will this strategy strengthen JUP’s market value, or is it just a short-term fix?
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