Market Value Launch Record: Two Projects, Three Dimensions, a Game of Buybacks
At the beginning of January, JUP Lianchuang posted a tweet that sparked a discussion in the market about token buybacks.
Since January 2025, the project party has begun to buy back #JUP, but it has still failed to stop the price from declining.
In contrast, the buyback of #DBR has been effective, starting from June 2025, showing immediate results.
On one hand, the price of the token rises after the buyback.
On the other hand, it is evident that a watershed has formed; before the buyback, DBR was weaker than JUP, and after the buyback, DBR was stronger than JUP.
Brother Bee compares and analyzes the game of token buybacks from three dimensions.
┈┈➤ Timing
╰┈✦ The start time for JUP's buyback is January 2025
This clearly falls at the beginning of the four-year cycle bull market in crypto. However, the reverse lies with Trump.
The tariffs initiated by Trump in 2025 greatly interfered with the macro environment, on one hand, triggering a trade war.
On the other hand, the tariffs led to the Federal Reserve's expectations of inflation, thus the Federal Reserve did not lower interest rates from January to August 2025 and continued to reduce its balance sheet from January to November. The degree of liquidity tightening was not high, but it still had a certain negative impact on the speculative market. The vast majority of Altcoins showed a downward trend in 2025.
╰┈✦ The start time for DBR's buyback is June 2025
The start time for DBR's buyback came after Trump's tariffs, following a period of easing in the trade war. The U.S. and China began efforts towards reconciliation in May.
BTC found its bottom in April 2025 and started to rise.
┈┈➤ Geography
╰┈✦ Jupiter is the leading DEX in the Solana ecosystem
Jupiter is the leading DEX in the Solana ecosystem, which is both its advantage and its limitation.
We know that from November 2025 to Q1 2026, the Solana ecosystem experienced three waves of excitement: AI + MEME, AI Agents, and Celebrity MEMEs. However, after TRUMP launched tokens, the overall enthusiasm for the Solana ecosystem has declined.
╰┈✦ Debridge is a cross-chain ecosystem
Debridge is a cross-chain ecosystem. For example, during the MEME enthusiasm period on the BSC chain, Solana experienced a net outflow of funds, while the BSC chain had a net inflow. Solana's funds flowed to the BSC chain through Debridge.
Thus, the Debridge ecosystem will not be locked to a specific public chain, and the ecosystem and protocol income of Debridge will be relatively more stable.
Regardless of which ecosystem is hot, funds will flow across chains through Debridge.
┈┈➤ Different Buyback Ratios for JUP and DBR
Jupiter uses 50% of its protocol income to buy back JUP, while Debridge uses 100% of its protocol income to buy back DBR.
Therefore, DBR receives more value support.
┈┈➤ Different Publicity for JUP and DBR Buybacks
Debridge dynamically publicizes protocol income and buyback status on its foundation website. Daily protocol income and the DBR increased by the foundation are clearly visible!
You can directly access the foundation website debridge.foundation to view the above image, or visit the official Debridge site and click on “DBR” in the navigation bar to access that site.
The project party has simply linked the foundation site to “DBR”!
100% buyback + comprehensive dynamic publicity has won over more people's hearts for DBR.
┈┈➤ In Conclusion
First, when we talk about buybacks, we should not discuss the correctness or incorrectness of so-called “market value management.”
Next, let's compare the buybacks of JUP and DBR:
First, JUP itself is an excellent project, but its buyback is untimely, while DBR's buyback timing has comprehensively considered the crypto cycle and macro trends.
Second, JUP's buyback is limited by the rise and fall of the Solana ecosystem; its buyback coincides with a phase of lower enthusiasm for Solana, while DBR's buyback is relatively more stable due to its extensive cross-chain ecosystem.
Third, JUP's buyback effort is not thorough enough, while DBR uses 100% of its protocol income for buybacks, coupled with comprehensive and dynamic publicity, which can better win people's hearts.
Remember @thecryptoskanda once discussed buybacks and believed their effects are average. Brother Bee thinks that buybacks are a remedy for token prices.
However, a 100% buyback is a strong medicine, and this strong medicine also requires more catalysts.
The timing of the buyback, the stability of the ecosystem itself, how the buyback resonates with people's hearts, and even the combination with more strategies will better leverage the impact of buybacks on token prices.