JUP · revenue buys it back, emissions are switched off.
JUP is the token of Jupiter, the largest Solana trading aggregator — ~6.86B effective cap, ~3.32B circulating.
Sell pressure. The Net-Zero Emissions DAO vote paused team vesting and concluded Mercurial — every sell row is zero.
Buy pressure. The Litterbox Trust spends 50% of protocol revenue buying JUP and locking it 3 years — ~28M JUP / 90D.
Net. Buyback against a switched-off sell side — supply is ~−0.85% over 90 days (shrinking).
JUP is a Solana SPL token with no mint function. Fixed 10B genesis cap; effective max ~6.86B after burns. No new JUP can be created.
The Net-Zero Emissions DAO vote (Feb 15 2026) postponed Jupuary for the remainder of 2026, paused team vesting via credit accounting, and concluded Mercurial vesting with a final accelerated unlock on Feb 25. No scheduled unlocks land in the window.
Team allocations switched to an accounting-credit model under Net-Zero. Any team sales are offset 1:1 by open-market buybacks. Net Foundation flow is zero by design.
No entity holding JUP is in active bankruptcy distribution. 700M Jupuary tokens were returned to the Community Cold Multisig (long-term locked, not selling).
Litterbox Trust: 50% of protocol revenue routes to open-market JUP buybacks, locked for 3 years. Trust now holds ~113.5M JUP. Continuous accrual as fees come in; next-90D uses the documented rate as predictor.
The Litterbox buyback holds JUP locked rather than burning it. No separate burn mechanism.
The Litterbox Trust (row #1) is the structural buy mechanism. No separate Foundation accumulation.
The 3-year Litterbox lock is captured in Buy #1. No additional staking-lock programme.
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