On August 9, 2025, Meow (@weremeow), Jupiter Alternate’s pseudonymous founder, took to X to share a confession. In line with him, he made a “very, very dangerous mistake” by focusing all his vitality on pleasing the group and reassuring them that the product is price believing in.
Following months of intense scrutiny from the group demanding higher outcomes, the founder appears to have now determined to change issues up transferring ahead.
I’m all the time about jup man
My networth and my life work and legacy and my beloved group 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 suppose 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 pissed off by the group’s fixation on negatives
The Jupiter group is accountable for the JUP ecosystem, which features a main decentralized change (DEX) on Solana. Nonetheless, in latest instances, traders have highlighted substantial points within the undertaking’s technique, resulting in backlash at totally different instances.
In his put up, Meow identified that the group’s efforts to show group 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 attempting 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 group to realize a really excessive degree of possession, exterior comms and development.”
In his put up, 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 undertaking truly doing improper?
Meow’s admission comes amid tensions presently rocking the Jupiter group. Again in April, one involved investor shared a put up 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 fighting.
Supply: Jupiter DAO
A type of points is how the group 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 group 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 adjustments themselves, making the DAO nothing greater than a glorified advertising and marketing software.
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 put up urged the JUP group to begin fixing issues. In addition they shared options, together with turning JUP from a speculative asset right into a genuinely useful token, full with mechanisms that reward long-term holders and straight hyperlink Jupiter’s success with holder advantages.
Ought to these options be carried out, they imagine that JUP holders could lastly turn out to be true stakeholders because the token is remodeled into one thing useful with tangible, on a regular basis utility and income era.
Actual utility and monetary incentives may also assist stabilize and develop the token worth sustainably, aligning incentives for holders, group builders, and the group, thereby making a mutually helpful flywheel of development, worth creation, and platform adoption.
