Jupiter Litterbox Trust has accumulated 145,028,229 JUP worth about $34.8 million in total as it deploys 50% of protocol revenue into open-market purchases.
Jupiter’s strategic reserve vehicle, Jupiter Litterbox Trust, added 186,546 JUP on July 3, valued at about $45,000, extending its monthly purchases to 1,226,119 JUP worth about $300,000. The trust has now bought 145,028,229 JUP worth about $34.8 million in total. It serves as Jupiter’s official on-chain treasury fund and is designed to automatically receive 50% of protocol revenue, using smart contracts (self-executing blockchain code) to keep buying and holding JUP in the open market. The mechanism effectively channels protocol income into a standing treasury bid for the token.