Summary
- It was reported that 30% of Jupiter's supply was burned, reducing the total supply to 7 billion.
- The burn was carried out according to a plan proposed by the Jupiter community.
- It was noted that the impact of this burn on Jupiter's price and market value needs to be observed.
30% of the Jupiter (JUP) supply has been burned.
The Solana-based decentralized exchange (DEX) Jupiter Exchange announced on its official X account that it burned 3 billion Jupiter on the 27th.
With this burn, the Jupiter supply has decreased from the previous 10 billion to 7 billion. Previously, the Jupiter community passed a proposal to burn 30% of the Jupiter supply in August last year.
JOON HYOUNG LEE
gilson@bloomingbit.ioCrypto Journalist based in Seoul
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