The price of $JUP has risen by more than 30% in the past few days! It stems from its decentralized exchange, which announced that it would carry out major token economic reforms. Co-founder Meow mentioned that the upcoming week will be crucial for #JUP and its community, accompanied by proposals such as a 30% reduction in token supply and a reduction in tokens allocated by the team. The price of JUP continues to rise in the market and is expected to break through the $2 mark, showing buying pressure and optimism.
Assuming that the proposal is passed, what will be the impact? Currently, the total amount of JUP tokens is 10 billion. Reducing the supply by 30%, that is, reducing the supply by 3 billion, will also reduce the total amount of JUP to 7 billion. At present, the FDV of JUP is 11.8 billion. If the total amount of tokens is reduced by 30%, if the current FDV is still maintained, the token price must at least increase from the original 1.18 to 1.68 to stabilize. That is, there is 43% room for growth.
Will the proposal pass? It is highly likely to be approved, because reducing the total amount of tokens is a forced positive change for tokens, which will promote the rise of tokens to a certain extent. When the token rises, the attention of JUP will be high, and the project itself will also have a certain exposure. Retail investors can make money, and the project can operate the project better. There is really no reason not to pass.
