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

Winklevoss Asset Services Submits S1 for Zcash ETF

Winklevoss Asset Services has filed an S1 registration statement with the SEC for the Winklevoss Zcash ETF, aiming to provide direct exposure to ZEC.

user avatarKofi Adjeman

Kraken Pro Launches PreIPO Challenge for Oura and Moonshot Perpetual Futures

Kraken Pro has launched a trading competition for perpetual futures linked to Oura and Moonshot, running from October 6 to November 6, with a $10,000 prize pool based on trading volume.

user avatarNguyen Van Long

OpenAI Releases 722 Math Manuscripts, Sparking Debate

OpenAI has released 722 math manuscripts on GitHub, generated by an internal AI model, sparking both excitement and skepticism in the mathematics community.

user avatarSatoshi Nakamura

Polymarket Begins Testing Protocol V2 for Prediction Markets

Polymarket has begun live testing of Protocol V2, a major update to its prediction market infrastructure, aiming to simplify interactions and support various market types.

user avatarJesper Sørensen

Ethereum ETFs Face Major Withdrawals Amid Bitcoin Inflows

On October 6, US spot Ethereum ETFs recorded $2019 million in net outflows, while Bitcoin ETFs saw $1188 million in net inflows, indicating a shift in investor sentiment.

user avatarRajesh Kumar

Binance Expands Collateral Options with Four New bStocks

Binance has recently added four bStocks tokenized securities as eligible collateral for its margin products, enhancing the integration of traditional equities and crypto assets.

user avatarFilippo Romano

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.