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Details: https://www.gate.com/announcements/article/47889
Wu said that Jupiter co-founder SIONG posted a message asking for opinions on whether to suspend JUP buybacks, stating that the funds used for buybacks last year exceeded $70 million, but the token price performance did not significantly improve; in contrast, the relevant funds could potentially be redirected toward growth incentives for existing and new users. He stated that the decision to stop buybacks and switch to an incentive mechanism still requires further discussion and decision-making by the community.