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JUP has increased by more than 34% against bitcoin over the past week. The asset's strong results were the result of a series of statements during Jupiter's first personal conference, Catstanbul 2025, where the founder of the protocol, under the pseudonym Meow, announced that 50% of the commission income would be used to buy back JUP on the open market and place it in a long-term reserve. The buyback program can serve as a catalyst for long-term growth. Although the announcements on Catstanbul 2025 contributed to the growth of JUP, they raised some concerns among the community. Traders are disappointed with the news that Jupiter has introduced a 5 basis point commission for swaps in Ultra mode by default. Ryan Lee of Bitget Research noted that the success of the protocol may be followed by the risk of centralization. Well, time will tell, will see. Do you use Jupiter?

Always in the process of learning. I like to travel and meet interesting people.

Of course, I read about a number of statements during this conference. Jupiter is a serious protocol and I like it. I hope that the changes will only benefit them. Will see. Thanks for sharing.
3650 $DEGEN