$70 Million Buybacks Failed to Save Jupiter: Solana Co-Founder Explains Why The Token Strategy Broke

Jupiter Exchange’s $70 million buyback campaign in 2025 failed to stop the relentless downward pressure on its JUP token, which continues to face $1. 2 billion in upcoming unlocks. The token has fallen 89% from its peak, highlighting the limitations of conventional buyback strategies in a market characterized by significant emissions, ongoing unlocks, and structural selling pressure. Jupiter Faces Backlash as $70 Million Buybacks Fail Against $1 source: https://beincrypto.com/jupiter-buyback-solana-token-unlocks/