Jupiter voting successful: clean JUP release set to zero

The Jupiter community just completed an important vote on February 22, with an outstanding result: 75% of JUP holders support a proposal to permanently reduce token net issuance. This decision marks a significant shift in Jupiter’s tokenomics strategy and could alter the future token supply dynamics.

75% Support Proposal Passes Jupiter Supply Transformation

The vote concluded that day officially confirmed approval of the proposal to reduce JUP’s net issuance to zero. The high participation rate and strong margin of support reflect a broad consensus within the Jupiter DAO community on consolidating token supply. This move is not just a technical change but a fundamental commitment to scarcity and long-term value of JUP.

Three Major Adjustment Schemes: From Jupuary Airdrop to Mercurial

The approved proposal includes three key mechanisms that will simultaneously eliminate selling pressure in the market.

First, the Jupuary airdrop will be postponed indefinitely. The entire allocation of 700 million JUP will be transferred to a community multisig wallet for long-term storage. This strategy preserves current snapshots and staking data, opening the possibility for future distribution once market conditions and token sentiment improve. With circulating JUP now reaching 3.49 billion, this postponement provides significant breathing room for price dynamics.

Second, the Jupiter team will receive tokens through debt instruments. Instead of direct issuance, team members will now hold JUP as liabilities on the protocol’s balance sheet. If any member wishes to sell their tokens, Jupiter will buy them directly through its treasury. This mechanism not only prevents selling pressure but also strengthens the protocol’s reserves and demonstrates the team’s confidence in the long-term direction of the token.

Third, to prevent sale impacts from Mercurial stakeholders, the protocol will accelerate their unlocks and simultaneously purchase an equivalent volume of tokens through Jupiter’s assets. This proactive approach turns potential selling pressure into an asset consolidation opportunity.

Jupiter Token Strategy: From Postponement to Buyback

These changes embody a more mature tokenomics philosophy. By directing all issuance mechanisms toward zero, Jupiter creates an environment where value growth is driven by utility and adoption rather than supply expansion. Every component of this vote—from postponing the airdrop to token buybacks—works synergistically to reduce selling pressure and strengthen the economic fundamentals of the token within the Solana ecosystem.