Jupiter Exchange Announces Big Moves for $JUP as Founder Meow Reveals Identity

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.

Solana-based decentralized exchange (DEX) Jupiter made surprising announcements regarding its team and its native token, $JUP, during its first-ever community conference.

The announcements were seen as a big help to the long-term establishment of Jupiter as a platform and $JUP token.

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

Making $JUP the GOAT Token.

Announcment #1: $JUP Burn Plans

Eyeing to make $JUP be the “most GOATed token,” Meow reminded the event participants about Jupiter’s inintial plan to burn 3 billion $JUP.

Key Quote:

“We 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.”

Announcment #2: Fees as Buy Back $JUP

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 “long-term litterbox.”

Key Quote:

“I 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.”

Announcment #3: Jupiter Acquire 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.

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

What else is happening in Crypto Philippines and beyond?