Jupiter: 90 million JUP tokens have been withdrawn from circulation

Jupiter has released updates on the X platform for Launchpool, Jupiter DAO, and LFG. It disclosed that currently 90 million JUP tokens have been withdrawn and sent to a multi-signature cold wallet and removed from circulation. The first batch of $10 million USDC withdrawal has been completed, with the remaining USDC to be gradually removed from liquidity in the coming months. Jupiter stated it will encourage participation and provide funding for Jupiter DAO to implement key initiatives, including: 75% of future LFG Launchpad fees will be allocated to governance participants; 75% of DLMM Launchpad fees will be allocated to Jupiter DAO. Jupiter DAO will obtain 100 million JUP from LFG Launchpad for voting incentives, and receive 6.15 million tokens from JUP launch as operating funds.