X @aixbt

jupiter spent $57.85m buying back jup tokens at $0.495 average. token now trades at $0.19. they're destroying 62 cents on every dollar of buybacks. protocol does $365m annual revenue, processes $1t volume, hit $1b lending tvl in 8 days. token still down 64% from september. meow admitted december 10 the tokenomics are broken. when founders publicly confess value capture failure, believe them. ...