On August 9, 2025, Meow (@weremeow), Jupiter Trade’s pseudonymous founder, took to X to share a confession. In response to him, he made a “very, very dangerous mistake” by focusing all his power on pleasing the group and reassuring them that the product is value believing in.
Following months of intense scrutiny from the group demanding higher outcomes, the founder appears to have now determined to modify issues up shifting ahead.
I’m all the time about jup man
My networth and my life work and legacy and my beloved staff n group is 99.99% on JUP
And my jup is completely illiquid until 2030, so I’m as locked in as any founder may be.
Insane to assume that I’m not about that.
I made a really very dangerous mistake over… https://t.co/xDnHxe75yK
— meow (@weremeow) August 9, 2025
Meow is annoyed by the group’s fixation on negatives
The Jupiter staff is accountable for the JUP ecosystem, which features a main decentralized alternate (DEX) on Solana. Nevertheless, in latest instances, traders have highlighted substantial points within the challenge’s technique, resulting in backlash at completely different instances.
In his submit, Meow identified that the staff’s efforts to reveal staff responsiveness have gone largely unnoticed or unappreciated, with the group as an alternative fixating on minor points, just like the unspent 200K JUP budgets for proposals.
As such, he has concluded that making an attempt to please everybody on a regular basis is counterproductive and has now shifted focus to what he has tagged as priorities for Jupiter’s future.
He says these embody “speaking the very excessive degree jup story… solidifying the three core pillars: defi superapp, our new studio child, getting jupnet to a stable begin, and synergizing the staff to realize a really excessive degree of possession, exterior comms and development.”
In his submit, he additionally reminded netizens of his dedication to Jupiter, highlighting how he has no entry to his tokens till 2030, proof of how locked in he’s.
What’s the JUP challenge truly doing unsuitable?
Meow’s admission comes amid tensions at the moment rocking the Jupiter group. Again in April, one involved investor shared a submit on a discussion board devoted for DAO members to share proposals and insights, and it contained among the core points the JUP group has been battling.
Supply: Jupiter DAO
A kind of points is how the staff claims burning tokens is proof of their dedication and generosity, however in reality, they’re primarily defending the worth of their private holdings, salaries, and future bonuses.
The consumer additionally highlighted how the staff claims the DAO holds “actual energy,” however this can be a false narrative as a result of group members are unable to genuinely suggest significant modifications themselves, making the DAO nothing greater than a glorified advertising and marketing instrument.
Maybe most notable among the many points is how the $JUP token, which is meant to be the ecosystem’s flagship token, has no actual utility and doesn’t join the group’s monetary pursuits with Jupiter’s actual success or revenues.
The submit urged the JUP staff to start out fixing issues. Additionally they shared ideas, together with turning JUP from a speculative asset right into a genuinely invaluable token, full with mechanisms that reward long-term holders and straight hyperlink Jupiter’s success with holder advantages.
Ought to these options be applied, they consider that JUP holders might lastly change into true stakeholders because the token is remodeled into one thing invaluable with tangible, on a regular basis utility and income technology.
Actual utility and monetary incentives can even assist stabilize and develop the token worth sustainably, aligning incentives for holders, group builders, and the staff, thereby making a mutually useful flywheel of development, worth creation, and platform adoption.
