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

Cross River Bank Integrates Ripple's RLUSD Stablecoin for Enhanced Payment Solutions

Cross River Bank integrates Ripple's RLUSD stablecoin to enhance payment solutions for fintech customers.

user avatarTomas Novak

Stocklinked Tokens in DeFi Surge to $2.624 Billion

Stocklinked tokens in decentralized finance reached approximately $2.624 billion by the end of September 2026, marking an 18-fold increase from the beginning of the year.

user avatarKaterina Papadopoulou

Fidelity's Assessment Highlights Solana's Improved Reliability

Fidelity's assessment indicates Solana has operated for over two years without major outages, achieving a 99.7% vote success rate, but warns of concerns regarding validator concentration.

user avatarMaya Lundqvist

BitTorrent Unveils New Whitepaper and Brand Upgrade for Web3 and AI

In October 2023, BitTorrent unveiled a comprehensive brand upgrade and a new whitepaper outlining a tripartite architecture for decentralized content distribution and compute, aiming to enhance operational efficiency for Web3 and AI applications.

user avatarLeo van der Veen

JUST Completes Fifth Buyback and Burn of JST Tokens

JUST has successfully completed its fifth buyback and burn of JST tokens, burning over 170 million tokens.

user avatarLi Weicheng

JST Buyback Program Achieves Major Milestone

The JST buyback program has successfully completed one year of operation, burning approximately 188 billion JST tokens across five rounds, resulting in a 300% increase in JST's price.

user avatarAisha Farooq

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.