{spot}(JUPUSDT)
The Jupiter DAO governance vote results are in, and the "Burning the Litterbox" proposal has been successfully passed. As planned, approximately 130 million JUP tokens held in the Litterbox Trust will be burned, representing roughly 4% of the current circulating supply.
This is a clear deflationary signal, aiming to enhance the long-term value of the JUP token by reducing circulating supply. Such community-driven positive governance is quite rare on DEX platforms.
This burning action is crucial for maintaining community confidence and a healthy token economic model during bear markets or consolidation periods. The market generally expects this to have a structurally positive impact on JUP's long-term valuation model. After all, with reduced supply, if demand remains stable or increases, the price should theoretically rise.