The Jupiter community is currently voting on whether to destroy the previously repurchased 130 million JUP.

On October 31, Jupiter officially announced on social media that after the team scaled down the Decentralized Autonomous Organization (DAO) and reset the community, the “Litterbox burn” vote marks the next major step in a fresh start - refocusing on making JUP the core of the ecosystem and rebuilding long-term confidence and Consensus. Currently, 50% of Jupiter's on-chain revenue will go into the “Litterbox Trust,” which repurchases JUP from the open market. So far, about 130 million JUP have been acquired, accounting for approximately 4% of the circulating supply. This portion of Tokens was originally intended for DAO use after three years. However, recently, holders have clearly indicated that these JUP are causing uncertainty for the community and Token holders. The team has heard everyone's voice. Today, the DAO will begin voting on whether to burn these existing Tokens (with 4 days and 13 hours remaining). In the coming weeks, another separate vote will be held to decide how to handle the ongoing inflow of revenue into the “Litterbox.”