Jupiter DAO Initiates Jupuary Airdrop Vote, May Return 700 Million JUP to Treasury

Odaily News Jupiter DAO has initiated a governance vote on the "zero net emissions" proposal for the JUP token, which will last until February 22nd. The proposal aims to improve JUP's current historically low price performance by canceling the 2026 Jupuary airdrop event to avoid further token dilution.

The vote consists of two options: Option one is to proceed with the Jupuary airdrop as originally planned. This would involve launching the airdrop checker approximately one week after the vote concludes and distributing 200 million JUP, while continuing the existing team distribution and Mercurial incentive programs. Option two is to indefinitely postpone the Jupuary airdrop, returning the prepared 700 million tokens to the community cold multi-signature wallet, while simultaneously pausing the emission of the team's reserved allocation. If option two is passed, Jupiter will utilize treasury funds to repurchase tokens released into the market, offsetting the selling pressure from Mercurial holders.