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According to Odaily, the voting on Jupiter's proposal to "reduce future net token releases to zero" officially ended at 19:00 today, with the community ultimately passing the proposal with a 75% approval rate. Previously, Jupiter initiated a new proposal aiming to reduce the net release of JUP to zero for the foreseeable future. The proposal mainly targets the three current sources of JUP release — the Jupuary airdrop, team allocation unlocks, and Mercurial allocation unlocks, as follows: First, the Jupuary airdrop will be postponed indefinitely, with all 700 million JUP returned to the community multi-signature cold wallet for future use. The usage and staking snapshot at the current time will be preserved. When the market environment, token status, and market sentiment become more favorable, this matter will be renegotiated with the DAO. Second, the release of tokens to team members will be suspended indefinitely. As an alternative, team members will receive JUP in the form of claims on Jupiter’s balance sheet — if any member wishes to sell their allocated tokens, Jupiter’s balance sheet will directly purchase them. This move will further strengthen JUP reserves and demonstrate the team’s commitment to the future of the JUP token. Third, the selling pressure from Mercurial stakeholders will be fully hedged, accelerating their unlocking process. Jupiter will purchase an equivalent amount of tokens with its own balance sheet to absorb any impact from potential token sales.

According to the PRO major order list, the total trading data of BTC and ETH major players in the past 24 hours are as follows: BTC: total trading volume of $665 million, of which buy trades amounted to $292 million and sell trades amounted to $372 million, with a trading difference of -$79.95 million. ETH: total trading volume of $562 million, of which buy trades amounted to $216 million and sell trades amounted to $345 million, with a trading difference of -$129 million. The latest data shows that major players are still positioning at key price levels: BTC net pending order difference is $15.23 million, with the largest single order amount reaching $52.09 million; ETH net pending order difference is $298 million, with the largest single order amount at $20.19 million. For specific key levels of large order bets, you can refer to the PRO "Major Order Tracking" indicator. The data is for reference only and does not constitute any investment advice.

PANews reported on February 22, citing data from Coin Bureau, that all ETH whales are now "underwater." In this cycle, for the first time, all major Ethereum holder groups are in a floating loss, including wallets holding more than 100,000 ETH. When strong hands (steadfast holders) are feeling the pain, weak hands (unsteady retail investors) have already exited the market.