On August 9, 2025, Meow (@weremeow), Jupiter Alternate’s pseudonymous founder, took to X to share a confession. In keeping with him, he made a “very, very dangerous mistake” by focusing all his power on pleasing the neighborhood and reassuring them that the product is value believing in.
Following months of intense scrutiny from the neighborhood demanding higher outcomes, the founder appears to have now determined to modify issues up shifting ahead.
I’m at all times about jup man
My networth and my life work and legacy and my beloved group n neighborhood is 99.99% on JUP
And my jup is completely illiquid until 2030, so I’m as locked in as any founder will 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 pissed off by the neighborhood’s fixation on negatives
The Jupiter group is answerable for the JUP ecosystem, which features a main decentralized trade (DEX) on Solana. Nonetheless, in latest occasions, buyers have highlighted substantial points within the mission’s technique, resulting in backlash at completely different occasions.
In his submit, Meow identified that the group’s efforts to exhibit group responsiveness have gone largely unnoticed or unappreciated, with the neighborhood as a substitute 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 embrace “speaking the very excessive degree jup story… solidifying the three core pillars: defi superapp, our new studio child, getting jupnet to a strong begin, and synergizing the group 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 mission really doing flawed?
Meow’s admission comes amid tensions at present rocking the Jupiter neighborhood. 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 a number of the core points the JUP neighborhood has been scuffling with.
Supply: Jupiter DAO
A kind of points is how the group claims burning tokens is proof of their dedication and generosity, however in fact, 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 neighborhood members are unable to genuinely suggest significant adjustments themselves, making the DAO nothing greater than a glorified advertising device.
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 neighborhood’s monetary pursuits with Jupiter’s actual success or revenues.
The submit urged the JUP group to start out fixing issues. In addition they shared ideas, 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 applied, they consider that JUP holders could lastly turn out to be true stakeholders because the token is reworked into one thing useful with tangible, on a regular basis utility and income era.
Actual utility and monetary incentives may even assist stabilize and develop the token worth sustainably, aligning incentives for holders, neighborhood builders, and the group, thereby making a mutually helpful flywheel of development, worth creation, and platform adoption.
