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Jupiter DEX announced a $3 billion token burn, 50% fee allocation for buybacks, and Moonshot acquisition, while completing a 700 million token airdrop and reporting strong revenue growth.

Jupiter's native token JUP has emerged as the market's top gainer, climbing 6% in the past 24 hours, despite a broader market downturn during that period. The surge follows an announcement that the Solana-based decentralized exchange will burn some of its JUP tokens and allocate half of its fees to buy back tokens from the market.

Jupiter's pseudonymous founder, "Meow," concluded the platform's first-ever ‘Catstanbul 2025' event with a major announcement: the planned burning of 3 billion JUP tokens.

Jupiter, one of the leading Solana-focused decentralized exchanges, has made major announcements as part of Catstambul, its first community-focused conference held in Turkey. The project revealed the acquisition of a majority stake in Moonshot, a meme coin creation and distribution platform on Solana.

JUP, the native token for Solana-based Jupiter exchange, has seen more than 20% rise in value over the last 24 hours, fueled by recent developments in the protocol. According to CoinMarketCap, JUP went from $0.899 earlier today to a peak of $1.262.

Today's edition of the weekly recap spotlights Jupiter's major platform change at ‘Catstanbul 2025,' Elon Musk's exploration of blockchain for government efficiency, and MicroStrategy's continued Bitcoin accumulation. Meanwhile, Ledger's co-founder was rescued from kidnapping in France.

The announcement caps off the platform's Catstanbul event, which saw Jupiter make a number of major moves in the AI and memecoin space.

Jupiter Exchange expands with the acquisition of Moonshot and a partnership with SonarWatch. What about JUP?

Today, January 25, 2024, the overall cryptocurrency market seems to be struggling. Amid this, Solana-based decentralized exchange Jupiter's native token, JUP, is defying the market trend with an impressive price gain. Over the past 24 hours, this massive price surge has garnered significant attention from traders and investors.

Jupiter made a significant acquisition, and a number of major announcements, at its 'Catstanbul 2025' event in Turkey.

Jupiter, a leading decentralized exchange (DEX) on Solana, has acquired a majority stake in Moonshot, a platform designed to streamline meme coin trading.

Jupiter, the leading perpetual exchange network on Solana, is seeking more growth opportunities. In an X post, Jupiter's (JUP) pseudonymous founder, known as “Meow,” said the decentralized exchange had acquired a majority stake in Moonshot for an undisclosed sum.

Jupiter exchange, a Solana's on-chain DEX, acquired a majority stake in Moonshot. The application is instrumental as the exchange continues to distribute JUP tokens.

Solana DEX Jupiter's native coin JUP price jumped nearly 8% on Saturday, primarily riding the back of remarkable community developments. Notably, the DEX platform has marked monumental strides, acquiring a majority stake in the crypto trading platform Moonshot, among other advancements.

Jupiter's strategic acquisitions could significantly enhance its influence in the Solana ecosystem, potentially reshaping decentralized finance dynamics. The post Jupiter takes majority stake in Moonshot and integrates SonarWatch appeared first on Crypto Briefing.

Jupiter, Solana's third-largest DeFi protocol, acquires a stake in Moonshot, though the deal's specifics remain undisclosed.

Jupiter acquires Moonshot to expand its presence in the memecoin trading sector.

Website: https://elluminex.com/ Twitter/X: https://x.com/elluminex Telegram: https://t.me/Elluminex

Decentralized exchange (DEX) Jupiter officially announced its much-awaited airdrop on Wednesday. The trading platform airdropped 700 million JUP coins, worth approximately $500 million, to over 2 million wallets. As of January 24, 61% of qualified participants, 578,657 wallets, had claimed their assets. Meanwhile, trader attention switched to the exchange's native token amid the ecosystem developments.

Jupiter's $500M AirDrop sees 61% claimed, but JUP price drops 11% amid sell-offs and liquidations.

TL;DR Jupiter distributed 700 million JUP tokens worth $500 million to over 2 million wallets, generating high volatility in the market. JUP's price dropped 11.22% in the last 24 hours, accompanied by a 166% surge in trading volume, reaching $609 million. Technical analysis indicates a clear bearish trend, with predictions of a drop to $0.

On Wednesday, Solana-based decentralized exchange (DEX) Jupiter launched its highly anticipated Jupuary airdrop, distributing 700 million JUP tokens worth approximately $500 million across more than 2 million wallets.

Solana-based decentralized exchange (DEX) finally launched its Jupuary airdrop today, with more than 2 million wallets eligible to receive JUP tokens.

The following article is adapted from The Block's newsletter, The Daily, which comes out on weekday afternoons.