Jupiter Co-Founder: Proposed proposal to reduce total token supply by 30%

According to Foresight News, Jupiter co-founder Meow published a draft of the J4J plan on the X platform, which mainly includes the initiation of a JUP proposal to reduce the total supply of JUP by 30%; the team will voluntarily cut its allocation by 30%; Jupuary release will be reduced by 30% accordingly; Jupiter has no direct investors in JUP, which will reduce the burden on FDV, activate the community to truly understand the JUP token economics, and address concerns about high emission levels, and incentivize everyone to develop metadata together.

Meow said the team will stake 100% of the tokens from the first year cliff over the next two years to ensure there is no supply shock, and he and Siong (along with many others on the team) have committed to lock up all vested tokens until June 2026. The plan is currently just a draft, and the full proposal will be put forward before the actual DAO vote.