↑ Exploring Major Announcements and Strategic Moves by Jupiter Coin

Jupiter, a Solana-based crypto, has been in the news for various strategic moves, potentially affecting the price of Jupiter Coin (JUP). The company has initiated a series of token buybacks where 50% of their fee revenue will be used to buy back JUP. Via this move, Jupiter aims to boost JUP’s market value and stimulate a substantial rally. Jupuary, a token airdrop event announced by Jupiter, will give away 700 million JUP tokens. They've also announced an aggressive plan of a $3B token burn to increase the value of JUP.

Jupiter has been focusing on strengthening its presence in the Solana ecosystem, making key acquisitions including Moonshot and SonarWatch. To further hype the price of JUP, founder announced 50% of the fees would be directed at JUP buybacks. Their recent acquisition in Moonshot has even lead to a 65% rise in the company’s token price. Jupiter has also issued multiple airdrops with hundreds of millions of JUP tokens to its community. However, its volume has witnessed a decline ahead of the Jupuary airdrop, signaling a prospective price dip. Also, its exchange account was hacked involving shilling of meme coins.

The company aims to bolster meme coin trading on Solana with its acquisition of a majority stake in Moonshot, which also hosts a trading terminal for meme coins. Jupiter has been heavily involved in the meme coin trend, with a stake in the Trump-favoured meme coin app and promising Ton Liquidity in partnership with TRUMP coin's executor, boosting Jupiter’s reputation. Jupiter has certainly gained momentum following key buybacks, acquisitions, and token burn events, thus fuelling speculation on whether there will be more rallies in the future.

Jupiter Coin News Analytics from Mon, 05 Aug 2024 07:00:00 GMT to Wed, 26 Mar 2025 18:41:23 GMT - Rating 7 - Innovation 4 - Information 9 - Rumor -1