Jupiter's token buyback plan has recently sparked heated discussions in the community. Co-founder SIONG pointed out that over the past year, more than $70 million has been spent on JUP buybacks, yet there has been no significant increase in price. Instead of continuing to burn money in the secondary market, it's better to change the approach—redirect this funding toward user incentives.

How exactly to do that? SIONG's suggestion is straightforward: allocate rewards to current users for their activity, while also attracting new users. Will this approach work? He plans to pass the ball to the community and hear everyone's thoughts.

Toly, co-founder of Solana, then shared his opinion. He emphasized that the difficulty of capital accumulation is seriously underestimated. Looking at traditional finance, building a meaningful capital scale often takes over 10 years. This view seems to defend the long-term nature of large buybacks but also indirectly acknowledges the limited short-term effects.