Jupiter (JUP), a Solana-based cryptocurrency, has sparked interest among investors due to its dynamic moves in the market. Despite crashing and hitting a record low, the crypto staged a smart recovery, showing bullish signals. Notably,
Jupiter announced a major token buyback plan, which was largely responsible for a significant price surge. The company also made headlines when it purchased DRiP Haus, marking its first NFT engagement and boosting its Solana Layer 2. Further spicing up the news, the crypto exchange revealed plans to burn 3 billion tokens, resulting in a 40% price hike.
Additionally, Jupiter's trading volume skyrocketed following the launch of a Trump Meme Coin. The company continued to make considerable acquisitions such as Moonshot, while also revealing plans to approach new milestones with their 'Jupnet' token prices. In a strategic move, Jupiter decided to buy back JUP tokens using 50% of the fees, starting next week.
Significant functionalities update made Jupiter Coin increasingly attractive, which ultimately led to a surprising 20% rise. In other news,
Jupiter was also a victim of a hacking incident, in which a hacker shilled Meme Coins. However, the exchange managed to restore the X account swiftly. Finally,
Jupiter plans to drop $630 million worth of JUP in a highly anticipated Solana Airdrop, further impacting its growth trajectory.
Jupiter Coin News Analytics from Mon, 09 Sep 2024 07:00:00 GMT to Wed, 02 Apr 2025 16:00:48 GMT -
Rating 8
- Innovation 8
- Information 7
- Rumor 5
