Jupiter announced in a post on the X platform that the proposal to reduce the JUP token supply has now been voted on, with the main goal of providing more certainty, consistency, and transparency to all JUP holders and the community. For this proposal, Meow and the core team proposed to reduce the total supply by 30%, from 10 billion to 7 billion. It is reported that the Jupiter team voluntarily reduced its assigned allocation by 30%.