According to BlockBeats, on August 23, @RequiemSolana pointed out on social media that Jupiter platform JUP holders approved a Reddit working group proposal with a budget of US$68,000 per quarter in May this year.
The group was dedicated to empowering the Jupiter community and running PR operations on Reddit. However, four months later, the subreddit operated by the group had only six active users, an average of one comment, and a customer acquisition cost of $11,000 per user.
Jupiter founder Meow responded that the working group had ceased operations and returned $45,000 in unused funds to the DAO.
