Jupiter's token buyback plan has recently sparked heated discussions in the community. Co-founder SIONG pointed out that over the past year, more than $70 million has been spent on JUP buybacks, yet there has been no significant increase in price. Instead of continuing to burn money in the secondary market, it's better to change the approach—redirect this funding toward user incentives. How exactly to do that? SIONG's suggestion is straightforward: allocate rewards to current users for their activity, while also attracting new users. Will this approach work? He plans to pass the ball to the community and hear everyone's thoughts. Toly, co-founder of Solana, then shared his opinion. He emphasized that the difficulty of capital accumulation is seriously underestimated. Looking at traditional finance, building a meaningful capital scale often takes over 10 years. This view seems to defend the long-term nature of large buybacks but also indirectly acknowledges the limited short-term effects.

The founder of Jupiter, the largest DEX platform on the Solana chain, recently openly questioned the project's token buyback strategy on social media. The founder raised sharp questions about the $70 million JUP buyback plan: does this investment truly bring value to the project? From the data, the $70 million used for buybacks by Jupiter is indeed substantial — with the current JUP price around $0.08 and a circulating market cap of about $160 million, meaning the buyback amount accounts for over 40%. This approach is similar to traditional stock buybacks by listed companies, aiming to support the token price and stabilize community confidence. However, the founder's public skepticism reflects a real issue: the actual effectiveness of the buyback plan is not obvious. Looking at JUP's performance over the past year, the token price has plummeted by about 70%, making the utility of the buyback even more questionable. Additionally, the overall downturn in the Solana ecosystem — including a significant correction in SOL price — may be a deeper driving factor. Interestingly, this public disagreement between the founder and the project's direction may either reflect genuine strategic differences or be a move to adjust market expectations, cleanse weak holders, or generate momentum for new development directions. As investment master Warren Buffett said, the core of buybacks still depends on price and timing. In the current market environment, the outcome of this discussion could set a precedent for token policies in other projects within the Solana ecosystem.

Recently, I've been watching SOL's market chart, and there are indeed quite a few opportunities. The current price is around $131.62, and the RSI indicator shows 55.3, indicating a clear bullish momentum. Based on this signal, this wave of market movement is definitely worth paying attention to. I've summarized the key technical levels: the support level is at $127.67. To assess the upside potential, the resistance is at $135.57. The true breakout point should be at $134.25—once it stabilizes above this level, it’s basically a signal of acceleration. My trading experience over the years tells me that when such clear technical patterns appear, there's usually no need to hesitate too much. Of course, in the crypto world, unpredictability is always present, so caution is still necessary. My own trading plan is as follows: first, establish a base position near the current price, investing about one-third of my planned funds. Once SOL truly breaks through the $134.25 level and confirms an effective breakout, I will add another one-third of the position. Risk management is also crucial—set the stop-loss at the support level of $127.67. If it falls below that, exit immediately—no hope for a rebound. The target above is at $135.57. If it holds here, I can continue to hold or consider locking in some profits. I am confident in this market move, but only if I strictly follow the plan and don’t get swayed by short-term fluctuations. What do you all think about SOL’s current trend?