Altcoins News
By Julie Binoche
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Jupiter’s ambitious $100 million buyback program was expected to provide a significant boost to the price of its native token, JUP.
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The buyback plan, introduced in February 2025, was intended to support JUP’s value by removing tokens from circulation.
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So what’s behind JUP’s sluggish response?
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Analysts point to two primary factors: reduced activity on Solana’s decentralized exchanges (DEXs) and token dilution.
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Adding to the headwinds is Jupiter’s own token supply schedule. Back in January, the project unlocked 700 million JUP tokens — equivalent to 7% of the total supply — as part of…
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The dilution risk isn’t over, either. To date, around 27% of JUP’s total supply has been unlocked, while over 5 billion tokens remain locked.
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Still, there may be early signs of modest accumulation. According to data from CoinGlass, more than $4 million worth of JUP was withdrawn from exchanges in the first week of May…
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However, not all large investors share the same outlook. Data from Hyblock reveals that whales — large holders who often influence short-term price trends — have been reducing…
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Technical indicators also paint a cautious picture. The Relative Strength Index (RSI), a key momentum gauge, remains below 50 — a level typically associated with bearish…
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For now, the $0.41 level serves as a critical short-term support zone. If this area holds and accumulation continues, JUP may find a foothold for a potential reversal.
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In conclusion, Jupiter’s $19 million buyback program, while ambitious, hasn’t yet delivered the price support that many investors had hoped for.
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