Recently, the situation with the Jupiter project has been quite disheartening. The JUP price hit a new low, and the co-founder also admitted that they are reevaluating the necessity of their buyback strategy. To put it plainly, they spent a lot of money but didn't see the expected results.

Last year, they invested over $70 million in buybacks to support the price, but the coin's value hardly moved. This "throwing money without seeing results" situation has indeed made people start to question whether buybacks are really effective. Instead of continuing to burn money, it's better to think about how to make the token truly add value within the ecosystem and create real demand.

What’s more heartbreaking is that the market pressure is also significant. According to data, JUP will have two more token unlocks this month, with the release at the end of the month accounting for 10%. Such periodic unlocks often lead to selling pressure, and the price may face considerable short-term pressure.

Ultimately, relying solely on buybacks to support the market is sometimes like boiling water to quench thirst. Instead of blindly pouring money into the market, it’s better to deeply consider how to optimize ecosystem design and enhance the practical use cases of the token, so as to fundamentally stimulate market demand.

The key for Jupiter now is to find a new breakthrough point. What do you think? Which directions should the project focus on next to stabilize the overall situation?