Jupiter(JUP) token has been creating a significant amount of buzz in the crypto-sphere due to various announcements; one of them being the token buyback program. A considerable portion of the fees, precisely 50%, is projected to channel into buying back JUP tokens, which could potentially fuel a major price rally. This initiative is expected to top $100M annually. Furthermore, Jupiter has embarked on an acquisition spree, taking a majority stake in memecoin app, Moonshot, and integrates SonarWatch. This has led to speculation about Jupiter's dominance in the Solana ecosystem.
More exciting news for Jupitarians includes the announcement of a token burn and buyback that saw a significant 40% rise in Jupiter's token price. Another attention-grabber was the idea named 'Open Secret,' a Milei-Endorsed Libra token which crashed $100 Million in the meme coin market. On the innovation front, the crypto exchange unveiled its new mobile app and JupiterZ, a gasless swap feature on Solana.
Adding to these, Jupiter came under suspicion for crypto hacks as the unofficial X account promoted meme coins; however, the situation was soon controlled. Amidst these development activities, experts predict a long-term gain for Jupiter, with a potential key target of $11.65 by 2025.
Jupiter Coin News Analytics from Tue, 23 Jul 2024 07:00:00 GMT to Mon, 10 Mar 2025 13:43:56 GMT - Rating 8 - Innovation 7 - Information +5 - Rumor -3
