The founder of Jupiter, the largest DEX platform on the Solana chain, recently openly questioned the project's token buyback strategy on social media. The founder raised sharp questions about the $70 million JUP buyback plan: does this investment truly bring value to the project?

From the data, the $70 million used for buybacks by Jupiter is indeed substantial — with the current JUP price around $0.08 and a circulating market cap of about $160 million, meaning the buyback amount accounts for over 40%. This approach is similar to traditional stock buybacks by listed companies, aiming to support the token price and stabilize community confidence.

However, the founder's public skepticism reflects a real issue: the actual effectiveness of the buyback plan is not obvious. Looking at JUP's performance over the past year, the token price has plummeted by about 70%, making the utility of the buyback even more questionable. Additionally, the overall downturn in the Solana ecosystem — including a significant correction in SOL price — may be a deeper driving factor.

Interestingly, this public disagreement between the founder and the project's direction may either reflect genuine strategic differences or be a move to adjust market expectations, cleanse weak holders, or generate momentum for new development directions. As investment master Warren Buffett said, the core of buybacks still depends on price and timing. In the current market environment, the outcome of this discussion could set a precedent for token policies in other projects within the Solana ecosystem.