JUP takes off🚀🚀
Jupiter CEO Weremeow proposed two important measures to manage the supply and market impact of JUP tokens:
Reduce supply: He suggested reducing the total supply of JUP by 30%, from the current 10 billion to 7 billion, to support price stability and growth.
Staking team tokens: It is planned to stake all cliff period tokens obtained by the team in the first year in the next two years. This move aims to limit the circulation of team tokens and avoid the risk of oversupply in the market.
These measures are expected to push the diluted circulation market value of JUP to $1.101, which will help boost investor confidence and support the long-term sustainable growth of JUP.
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