Jupiter Co-Founder Questions $70 Million Buyback Strategy Effectiveness
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Jan 03 2026- Buyback Strategy Scrutiny: Jupiter co-founder Siong Ong publicly challenged the effectiveness of the protocol's over $70 million spent on JUP buybacks in 2025, noting that despite allocating 50% of protocol fees for repurchases, JUP's price showed minimal improvement, indicating inefficient capital allocation.
- Poor Market Performance: Currently trading approximately 89% below its all-time high of $1.83, Siong suggested that the funds could have been better utilized for user acquisition and ecosystem development rather than passive market support, reflecting deep concerns about long-term tokenomics.
- Industry Trend Comparison: Siong's remarks align with similar signals from other crypto founders, such as Helium's CEO announcing a halt to HNT buybacks to prioritize operational spending, indicating a broader industry reassessment of buyback strategies.
- Product Growth vs. Price Paradox: Despite JUP's weak price performance, Jupiter's product expansion continues, with the recent launch of Jup Lend surpassing $1.5 billion in total value locked by early January 2026, further fueling discussions on resource allocation priorities that could influence future DeFi token economics.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
