Jupiter has officially launched its first JUP token buyback, as confirmed by on-chain data. To date, the buyback has seen 4.88 million JUP tokens repurchased, amounting to a total value of $3.33 million. This buyback signals Jupiter’s commitment to enhancing the value of its tokens and providing support for its community. By actively controlling the market supply of JUP tokens, Jupiter aims to bolster investor confidence and stimulate price recovery. As the buyback progresses, stakeholders will be keen to observe the impact on overall market dynamics and future price trends.