Jupiter’s $19M buyback program fails to help JUP’s price – What’s next?
Jupiter's ambitious $100 million annual buyback program has been in action since its announcement in February. The effort, aimed to stimulate demand and potentially increase the price of Jupiter’s token (JUP), has already expended $19 million on the repurchase of JUP. Despite this considerable investment, the price of JUP has not experienced the uptrend that many had anticipated. A recent transaction point has the token at 15% below the average price of $0.50 at which the buyback program has been conducted.