Jupiter DAO initiates Jupuary airdrop voting, potentially returning 700 million JUP to the treasury

Jupiter DAO has opened a governance vote on the "zero net emissions" proposal for the JUP token, which will last until February 22. The proposal aims to improve the current price performance of JUP, which is at a historical low, by canceling the Jupuary airdrop event in 2026 to avoid further dilution of the token.

The vote consists of two options: Option One is to proceed with the Jupuary airdrop as originally planned, which will launch an airdrop query tool and distribute 200 million JUP about a week after the voting ends, while continuing the existing team allocation and Mercurial incentive program; Option Two is to indefinitely postpone the Jupuary airdrop, returning the prepared 700 million tokens to the community's cold multi-signature wallet, while suspending the release of the team's reserve allocation. If Option Two is approved, Jupiter will use balance sheet funds to buy back tokens released in the market to offset the selling pressure from Mercurial holders.