Jupiter DAO Approves Massive Token Burn
The Jupiter DAO has officially voted in favor of burning approximately 130 million $JUP tokens, valued at around $44 million, which were previously held in the Litterbox Trust.
Strengthening the Ecosystem
The decision represents one of the largest governance-driven burns in the Solana ecosystem this year. By removing a significant portion of the supply, the DAO aims to reduce circulating tokens, increase scarcity, and bolster investor confidence in the JUP ecosystem.
Community-Led Governance
The proposal, introduced by community members, passed with strong majority support. DAO participants emphasized that the move aligns with Jupiter’s vision of maintaining transparency, sustainability, and fair token distribution.
Market and Ecosystem Impact
The burn is expected to have a deflationary effect on the JUP token, potentially supporting price stability while reaffirming Jupiter’s long-term commitment to community-driven governance.
