On August 9, 2025, Meow (@weremeow), the founder of Jupiter Exchange’s pseudonym, won x to share his confession. He said he made “very bad mistakes” by focusing all his energy on delighting the community and reassuring them that the product is worth believing.
After months of intense scrutiny from the community demanding better results, it appears the founder has now decided to move things forward.
I’m always about Jup Man
My Networth and my life work and legacy and my beloved team N community is 99.99% on JUP
And my jup is completely illiquid until 2030, so I’m locked up just like the founder.
It’s insane to think that’s not about it.
I made a very bad mistake… https://t.co/xdnhxe75yk
– Meow (@weremeow) August 9, 2025
Nee is unhappy with the community’s fixation to negatives
The Jupiter team is responsible for the JUP ecosystem, including Solana’s major distributed exchange (DEX). However, in recent years, investors have highlighted considerable issues in the strategy of the project, leading to rebound at different times.
In his post, Meow pointed out that the team’s efforts to demonstrate team responsiveness are barely noticed or evaluated as the community instead sticks to minor issues, like the 200K JUP budget for proposals.
So he concluded that trying to please everyone at all times is counterproductive and now he shifts his focus to what he tagged as Jupiter’s future priorities.
He includes “Telling a very high level of Jup storyline… solidifying three core pillars, solidifying Defi Superapp, a new studio baby, leading Jupnet to a solid start, synergizing the team to achieve very high levels of ownership, external communication, and growth.”
In his post, he also reminded Netizens of his commitment to Jupiter, highlighting how tokens are not accessible until 2030.
What is the actual wrong with the JUP project?
Meow’s entry comes amidst the tensions currently shaking the Jupiter community. In April, one investor shared a forum post dedicated to DAO members sharing proposals and insights. This included some of the central issues that the JUP community has struggled with.
Source: Jupiter Dao
One of these issues is how teams argue that burning tokens is evidence of their commitment and generosity, but in reality they are primarily protecting the value of individual holdings, salaries and future bonuses.
Users also highlighted the way the team claims that DAO holds “real power,” but this is a false story as community members can’t truly propose meaningful change and DAO is nothing more than a glorious marketing tool.
Perhaps the most notable thing of the issue is that the $juup token, which appears to be the flagship token of the ecosystem, has no real utility and does not link the economic benefits of the community with Jupiter’s real success or revenue.
This post urged the JUP team to start fixing things. They also shared proposals that include turning JUPs from speculative assets into truly valuable tokens, and have a mechanism to reward long-term holders, combining Jupiter’s success directly with the holder’s interests.
If these solutions are implemented, they believe that JUP holders could ultimately become true stakeholders as the tokens are converted into something of concrete, routine utility and revenue generation value.
Actual utilities and financial incentives also help to coordinate incentives for holders, community builders and teams, create mutually beneficial flywheels for growth, value creation and platform adoption, and to stabilize and grow token value sustainably.