List of Flash News about Jupiter (JUP)
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2025-06-29 01:48 |
Solana DEX Jupiter (JUP) Halts DAO Votes Until 2026, Citing 'Breakdown in Trust' Amid Market Downturn
According to the source, the Solana-based decentralized exchange (DEX) Jupiter is pausing all DAO votes until the end of 2025 due to a 'breakdown in trust' and a 'perpetual FUD cycle' that hinders progress. Jupiter executive Kash Dhanda stated the current DAO structure is not working as intended during a 'critical period' for defining the future of DeFi. For traders, this means active staking rewards (ASR) will continue at a rate of 50 million JUP per quarter, but no new DAO-funded work groups will be created, thus preventing additional token emissions from that source. This governance overhaul comes as the JUP token has fallen 21.8% over the past 30 days, although the news did not cause significant immediate price movement, with JUP trading around $0.40. |