Jupiter Exchange's $70 Million Buyback Fails to Halt 89% Drop in JUP Token
- Buyback Program Ineffectiveness: Jupiter Exchange's $70 million buyback program failed to prevent an 89% drop in its JUP token from peak levels, indicating a weak market response that did not effectively support token prices.
- Escalating Unlock Pressure: With $1.2 billion in scheduled token unlocks extending through June 2026, the circulating supply has increased by approximately 150% since launch, exacerbating market sell-off pressures.
- Community Division: Founder Siong's proposal to halt buybacks and redirect funds toward user incentives sparked debate within the community, with some arguing that buybacks are ineffective under heavy unlock pressure while others warned that stopping them could accelerate price declines.
- Alternative Approach Discussion: Solana co-founder Anatoly Yakovenko proposed a model emphasizing long-term capital formation through token locking and staking, suggesting that in ecosystems where tokens act as utility vouchers, buybacks yield only short-term effects and fail under structural selling pressure.
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Technical Analysis for JUP
Technical Sentiment Analysis for Jupiter (JUP) As of , Jupiter (JUP) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 5 technical signals, shows that 2 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for JUP stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, JUP is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Jupiter (JUP) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0611 | 0.1 | 0.137 | 0.176 | 0.213 | 0.251 | 0.288 |
| Fibonacci | 0.1 | 0.129 | 0.147 | 0.176 | 0.205 | 0.222 | 0.251 |
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