Jupiter DAO has launched a vote on a Jupuary airdrop, potentially returning 700 million JUP to the national treasury.

Jupiter DAO has launched a governance vote on a "zero net emission" proposal for the JUP token, which will continue until February 22. The proposal aims to improve JUP's current historically low price performance by canceling the 2026 Jupuary airdrop to avoid further token dilution. The vote offers two options: Option 1 is to proceed with the Jupuary airdrop as planned, with an airdrop query tool launching approximately one week after the vote and 200 million JUP distributed, while continuing existing team allocations and the Mercurial incentive program; Option 2 is to postpone the Jupuary airdrop indefinitely, returning the 700 million prepared tokens to the community's cold multisignature wallet, and suspending the emission of the team's allocated share. If Option 2 passes, Jupiter will use balance sheet funds to buy back tokens released into the market to offset selling pressure from Mercurial holders.