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Jupiter Exchange Announces Big Moves for $JUP, Acquires Moonshot

Photo for the Article - Jupiter Exchange Announces Big Moves for $JUP, Acquires Moonshot

In line with its first-ever community conference, Solana-based decentralized exchange (DEX) Jupiter created surprising advancements for its team and its native token, $JUP. 

Whatโ€™s the significance? The announcements were seen as a big help to the long-term establishment of Jupiter as a platform and $JUP token.ย 

Photo for the Article - Jupiter Exchange Announces Big Moves for $JUP, Acquires Moonshot

Key Details: The announcements were made during the Catstanbul 2025, the community conference organized by Jupiter, which happened from January 25 to 26, 2025, in Istanbul, Turkey.

  • The DEXโ€™s founder,ย Meow, delivered the eventโ€™s opening speech.ย ย 
  • The event was also streamed live on X so other community members can learn from the community meetup.ย 

Announcement #1: $JUP Burn Plans

Photo for the Article - Jupiter Exchange Announces Big Moves for $JUP, Acquires Moonshot

Eyeing to make $JUP be the โ€œmost GOATed token,โ€ Meow reminded the event participants about Jupiterโ€™s inintial plan to burn 3 billion $JUP.  

Key Quote: 

โ€œWe want to really connect the entire world and it’s not going to be easy. We need a lot of incentives, we need a lot of capital, we need a lot of funds. The goal is simple, we need $JUP to be that firepower.โ€

Meow, Founder, Jupiter Exchange

Announcement #2: Fees as Buy Back $JUP

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Meoww also announced that they are targeting 50% of the fees paid for platform transactions to be used as a buyback to $JUP, which will be held in the โ€œlong-term litterbox.โ€ 

  • Meanwhile, the remaining 50% will be allocated for โ€œgrowth, future strategy, and full operational stability.โ€

Key Quote: 

โ€œI strongly believe that the value of a token is not anchored in buybacks, despite what others might tell you. The value of a token is anchored in community. Remember, every coin is a meme coin.โ€

Meow, Founder, Jupiter Exchange

Announcement #3: Jupiter Acquire MoonShot

Photo for the Article - Jupiter Exchange Announces Big Moves for $JUP, Acquires Moonshot

Lastly, the first announcement made during the event was about Jupiter acquiring a majority stake in MoonShot, a Solana-based self-regenerating automatic liquidity-providing protocol that rewards holders by distributing 4% of each transaction and adding 6% to the liquidity pool.ย 

This article is published on BitPinas: Jupiter Exchange Announces Big Moves for $JUP as Founder Meow Reveals Identity


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