Jupiter will launch JUP repurchase mechanism this week

Jupiter founder Meow announced a preliminary plan for repurchase on the X platform at the end of last month, which involves transferring funds to the repurchase wallet every week, making regular investments in JUP, and locking it in Litterbox for at least 3 years. More detailed information will be shared when the repurchase plan starts for the week starting from February 3rd (i.e. this week). Previously, the network stated that half of the protocol fee (i.e. 50%) would be used for long-term buybacks, while the remaining 50% would be invested in project growth, future strategies, and overall operational stability.