Jupiter Soars 40% Following Key Announcements

user avatar

by Giorgi Kostiuk

2 years ago

Solana-based platform Jupiter has seen significant growth of 40% after its pseudonymous founder Meow made important announcements at the Catstanbul 2025 event.

Meow's Major Announcements

In a keynote speech, Meow declared the initiation of burning 3 billion JUP tokens, valued at $3.6 billion. This was symbolized by burning a large metal cat statue. Additionally, it was revealed that 50% of protocol fee revenues will be allocated for buying back JUP tokens, with the remaining 50% used for growth, strategy, and operational stability.

I firmly believe that the value of a token is not dependent on buybacks… the value of a token is dependent on the community… every coin is a memecoin.Meow

Further Developments in Jupiter

Jupiter announced several key ecosystem developments, including acquiring a majority stake in Moonshot, an omnichain network beta testing known as Jupnet, releasing Jupiter V2, and launching a $10 million AI fund in collaboration with Eliza Labs.

Market Reaction

The market responded quickly to Meow's announcements, with the price of JUP soaring from $0.90 to $1.27 before slightly pulling back.

The announcements and actions by Jupiter have generated significant market interest, emphasizing the platform's 40% rise and improved position within the crypto industry.

Tier I

Sector: #18291

Sealed Hiding Place Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, hiding places will be stored in your inventory and can be opened with Keys.

Other news

Lido DAO Completes Significant Governance Package

Lido DAO has successfully executed Aragon Vote 205, implementing key governance changes.

user avatarArif Mukhtar

Aave Moves Closer to Adding Ethena's USDe to V4 Core Market

Aave is progressing towards the integration of Ethena's USDe into its V4 core market on Avalanche after a risk review.

user avatarMaria Gutierrez

Aave Governance Considers Adding Regulated Euro Stablecoin EURCV

Aave governance is evaluating the proposal to add the regulated euro stablecoin EURCV to its Ethereum market.

user avatarDavid Robinson

Aave Governance Considers Increasing Loan-to-Value Ratios for Major Assets

Aave governance is considering a proposal to increase loan-to-value and liquidation threshold parameters for major collateral assets.

user avatarAndrew Smith

GPT6 Sol Shows Superior Performance in Benchmark Tests

GPT6 Sol has demonstrated superior performance in various benchmark tests compared to its competitors, including Anthropic's Claude Opus 5.

user avatarZainab Kamara

Arbitrum DAO Considers Grant Bans for Three Projects

The Arbitrum DAO is evaluating a proposal to ban three projects, Good Entry, Limitless, and APX Finance, from receiving future grants due to serious issues identified by its Watchdog program.

user avatarJacob Williams

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.