The Jupiter community is currently voting to decide whether to burn the previously repurchased 130 million JUP tokens.

On October 31st, Jupiter's official announcement on social media indicated that following a team downsizing and a community reset of the decentralized autonomous organization (DAO), the "Litterbox Burn Vote" represents the next significant step in a fresh start—refocusing on positioning JUP as the core of the ecosystem and rebuilding long-term confidence and consensus. Presently, 50% of Jupiter's on-chain revenue is allocated to the "Litterbox Trust Fund", which buys back JUP from the open market. Up to now, approximately 130 million JUP has been accumulated, accounting for about 4% of the circulating supply. These tokens were originally intended for the DAO's use over a period of 3 years. However, recently, holders have made it evident that these JUP tokens are causing uncertainty for the community and token holders. The team has taken note of these voices. Today, the DAO will commence voting on whether to burn these existing tokens (with a remaining 4 days and 13 hours deadline). In the forthcoming weeks, another separate vote will be held to determine how to handle the continuous inflow of income into the "Litterbox".