List of Flash News about $JUP buyback
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2025-01-26 13:42 |
Jupiter's Strategic Use of 50% Protocol Revenue for $JUP Buyback
According to Ai 姨, Jupiter plans to allocate 50% of its protocol revenue for repurchasing $JUP tokens. In 2024, Jupiter's protocol revenue reached $102 million, ranking 7th among Solana DApps. Jupiter Perps is the primary revenue driver with an 84% market share in Solana's PerpDEX. The revenue in December 2024 grew sevenfold compared to January, largely influenced by the $TRUMP token surge, which alone accounted for $35.86 million, nearly 40% of last year's total revenue. This strategic buyback could impact $JUP's market valuation by approximately 2.4% of its current $2.04 billion market cap, potentially fueling further market activity. |