Jupiter Co-Founder Questions JUP Buybacks After $70 Million Spent With Little Price Impact

Siong Ong, co-founder of Jupiter, publicly challenged the effectiveness of the protocol’s token buyback strategy, raising fresh questions about capital allocation and long-term tokenomics. According to Siong, Jupiter spent more than $70 million on JUP buybacks throughout 2025, yet the initiative delivered minimal results in terms of price performance. source: https://www.ethnews.com/jupiter-co-founder-questions-jup-buybacks-after-70-million-spent-with-little-price-impact/