Jupiter Team Lead Airs Idea to Stop JUP Buybacks and Switch to Revenue Sharing

The Jupiter team is considering ending its JUP token buyback program as part of a broader review of how protocol funds are allocated. The proposal would redirect buyback capital toward user-focused incentives that could have a more direct impact on platform participation.

SIONG, a member of the Jupiter team, noted that the protocol spent over $70 million on buybacks in the past year. Despite the scale of spending, JUP’s market price showed little reaction. This has prompted the team to explore alternative approaches that may better support platform growth.

what do you all think if we stop the JUP buyback?

we spent more than 70m on buyback last year and the price obviously didn’t move much.

we can use the 70m to give out for growth incentives for existing and new users.

should we do it?

— ⚔️ SIONG (@sssionggg) January 3, 2026

Jupiter Considers Redirecting Buyback Funds to Users

In his X post, SIONG suggested that funds previously used for JUP buybacks could instead support incentives for both existing and new users. He invited community feedback and highlighted Helium as an example of a project that recently moved away from buybacks for similar reasons.

Helium co-founder Amir Haleem announced an end to HNT buybacks, noting that markets no longer react meaningfully to them. The project now plans to redirect revenue toward expanding subscribers, increasing network usage, and boosting carrier offload activity.

Community Debates Buybacks

The proposal sparked debate within the Jupiter community, with CoinTab marketing lead Wilfred Michael offering a critical response. He argued that large monthly token unlocks continue to weaken buybacks’ impact by adding supply pressure.

Michael noted that more than 50 million JUP tokens enter circulation each month, limiting the effect of buybacks on overall supply. While many long-term holders remain locked through staking, team-related unlocks play a major role in ongoing distribution. He warned that ending buybacks could lower prices, citing monthly unlocks of around 53.47 million JUP tokens through June 2026.

“Without the buybacks, I’m pretty sure price would be closer to $0.1 as there would be less buy pressure to absorb these unlocks,” he stated.

In response to concerns about buybacks, other community members proposed alternative approaches. Bengshark suggested shifting toward direct revenue sharing with JUP stakers, distributing protocol revenue in SOL or USDC. He argued this approach would better align token holders with Jupiter’s platform performance and long-term direction.

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