Jupiter Litterbox Trust Buys 177,570 JUP, Bringing Monthly Purchases to 13.35 Million

Jupiter’s strategic reserve trust, Jupiter Litterbox Trust, bought 177,570 JUP yesterday, according to on-chain data. According to ChainCatcher, the purchase was valued at about $39,000. The trust has accumulated purchases of 13,346,232 JUP so far this month, valued at about $2.93 million. ChainCatcher reported that the trust’s total purchases to date reached 142,703,464 JUP, valued at about $31.4 million. The Jupiter Litterbox Trust is described as Jupiter’s official on-chain treasury fund, which automatically transfers 50% of Jupiter protocol revenue and uses smart contracts to buy JUP on the open market for long-term holding.