DropToZeroDon'tCry
#Jupiter Spent 70 million USD on buybacks, yet the token price still dropped to 0.2. What does this indicate?
#Solana The largest DEX aggregator Jupiter,
spent 70 million USD on token buybacks last year.
And the result?
The price should have stabilized or risen, but instead, it kept falling all the way to 0.2.
Yesterday, Jupiter co-founder Siong Ong directly revealed on Twitter:
"We spent 70 million USD on buybacks last year, but the token price clearly didn't increase much.
Can we instead use that 70 million USD to grow our user base?"
One sentence, exposing the collective superstition in th
View Original#Solana The largest DEX aggregator Jupiter,
spent 70 million USD on token buybacks last year.
And the result?
The price should have stabilized or risen, but instead, it kept falling all the way to 0.2.
Yesterday, Jupiter co-founder Siong Ong directly revealed on Twitter:
"We spent 70 million USD on buybacks last year, but the token price clearly didn't increase much.
Can we instead use that 70 million USD to grow our user base?"
One sentence, exposing the collective superstition in th