Jupiter’s Staked JUP Surpasses 1.1B Tokens, a Third of Circulating Supply

Every JUP token that is staked is one that can't be sold tomorrow. Jupiter's staking page now shows 1,103,720,890 JUP locked, which is about a third of everything in circulation. A third is a lot for any token, and it gets more interesting when you add the buyback on top. I did the sums myself, and the picture is tighter than the headline suggests. The Exact Staking Numbers According to Jupiter's staking dashboard, captured on October 11, three figures define the program: Total JUP staked: 1,103,720,890 Total stakers: 357,096 Estimated APY: 18.12% Circulating supply is 3.319 B JUP on CoinMarketCap…