Jupiter, the cryptocurrency token (JUP), has made significant strides in the market, evidenced by an array of events that have impacted its trajectory. Its platform,
Jupiter Exchange, also saw robust gains as transactions soared. The organization notably took a majority stake in the companies
Moonshot and
SonarWatch, a move that bolsters meme coin trading on the Solana ecosystem. The integration of these companies was received positively, triggering a price rise for JUP.
In addition to acquisitions, Jupiter's aggressive token strategy also caught attention: news broke of a mammoth $860M JUP airdrop for loyal community voters, accompanied by
Jupiter's 30% supply cut and 3 billion token burn. Rumors circulated of a
meme coin endorsement by the ex-Prime Minister of Malaysia on Jupiter's platform, which was later recognized as a hack.
The
buyback plan combined with its acquisitions has sparked fears of Solana ecosystem dominance. There were also talks about Jupiter's tie-up with TON to boost $TON liquidity. In terms of price analysis,
predictions are optimistic, projecting a bullish attack with a potential 50% rise, setting a new $2 All Time High (ATH). Notably,
Jupiter Mobile's launch and the unveiling of
JupiterZ—offering gasless swaps on Solana—enhanced its offerings. Despite some criticism over collaborating with an alleged scammer on meme coins, the narrative around Jupiter remained largely positive.
Jupiter Coin News Analytics from Thu, 20 Jun 2024 07:00:00 GMT to Mon, 10 Feb 2025 02:35:28 GMT -
Rating 7
- Innovation 7
- Information 6
- Rumor 4
