Jupiter co-founder Siong Ong mulls ending $JUP buybacks after $70 million spent

On January 3, 2026, Jupiter co-founder Siong Ong asked whether the Solana DEX should end $JUP buybacks after spending more than $70 million last year with minimal price effect. He suggested reallocating funds to growth incentives, drawing both support and criticism, while DappRadar shows Jupiter processed about $169.8 million over the past 30 days.