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BTC Pizza > News > Crypto > Altcoins > Jupiter’s co-founder admits he made a mistake by trying to please the community
Altcoins

Jupiter’s co-founder admits he made a mistake by trying to please the community

August 15, 2025 5 Min Read
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  • Nee is sad with the neighborhood’s fixation to negatives
  • What’s the precise flawed with the JUP venture?

On August 9, 2025, Meow (@weremeow), the founding father of Jupiter Change’s pseudonym, received x to share his confession. He stated he made “very dangerous errors” by focusing all his power on delighting the neighborhood and reassuring them that the product is price believing.

After months of intense scrutiny from the neighborhood demanding higher outcomes, it seems the founder has now determined to maneuver issues ahead.

I am at all times about Jup Man

My Networth and my life work and legacy and my beloved crew N neighborhood is 99.99% on JUP

And my jup is totally illiquid till 2030, so I am locked up identical to the founder.

It is insane to suppose that is not about it.

I made a really dangerous mistake… https://t.co/xdnhxe75yk

– Meow (@weremeow) August 9, 2025

Nee is sad with the neighborhood’s fixation to negatives

The Jupiter crew is answerable for the JUP ecosystem, together with Solana’s main distributed alternate (DEX). Nonetheless, lately, buyers have highlighted appreciable points within the technique of the venture, resulting in rebound at totally different occasions.

In his submit, Meow identified that the crew’s efforts to display crew responsiveness are barely observed or evaluated because the neighborhood as a substitute sticks to minor points, just like the 200K JUP finances for proposals.

So he concluded that attempting to please everybody always is counterproductive and now he shifts his focus to what he tagged as Jupiter’s future priorities.

He consists of “Telling a really excessive degree of Jup storyline… solidifying three core pillars, solidifying Defi Superapp, a brand new studio child, main Jupnet to a strong begin, synergizing the crew to attain very excessive ranges of possession, exterior communication, and development.”

In his submit, he additionally reminded Netizens of his dedication to Jupiter, highlighting how tokens usually are not accessible till 2030.

What’s the precise flawed with the JUP venture?

Meow’s entry comes amidst the tensions at present shaking the Jupiter neighborhood. In April, one investor shared a discussion board submit devoted to DAO members sharing proposals and insights. This included a few of the central points that the JUP neighborhood has struggled with.

Jupiter's co-founder acknowledges

Supply: Jupiter Dao

Considered one of these points is how groups argue that burning tokens is proof of their dedication and generosity, however in actuality they’re primarily defending the worth of particular person holdings, salaries and future bonuses.

Customers additionally highlighted the way in which the crew claims that DAO holds “actual energy,” however this can be a false story as neighborhood members cannot actually suggest significant change and DAO is nothing greater than a wonderful advertising and marketing device.

Maybe probably the most notable factor of the difficulty is that the $juup token, which seems to be the flagship token of the ecosystem, has no actual utility and doesn’t hyperlink the financial advantages of the neighborhood with Jupiter’s actual success or income.

This submit urged the JUP crew to start out fixing issues. Additionally they shared proposals that embody turning JUPs from speculative property into actually useful tokens, and have a mechanism to reward long-term holders, combining Jupiter’s success instantly with the holder’s pursuits.

If these options are carried out, they consider that JUP holders might in the end grow to be true stakeholders because the tokens are transformed into one thing of concrete, routine utility and income technology worth.

Precise utilities and monetary incentives additionally assist to coordinate incentives for holders, neighborhood builders and groups, create mutually useful flywheels for development, worth creation and platform adoption, and to stabilize and develop token worth sustainably.

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