Jupiter Coin (JUP) is making waves in the cryptocurrency market with a series of significant developments. The price of the digital asset has flashed
bullish signals, surging to all-time highs and rising 40% following substantial
platform upgrades. Notably, Jupiter's founder has promised that 50% of fees will be used for token buybacks. Jupiter is also planning to buy back JUP tokens with 50% of fees starting next week; this announcement accelerated the coin's ascent.
The spike in price has been bolstered by Jupiter's aggressive expansion strategy, which has seen the company taking a majority stake in Moonshot and integrating SonarWatch. This move caused concern about
Solana's ecosystem balance, as Jupiter amasses more power. At the same time, Jupiter secured a majority stake in a Trump-favored memecoin app adding another feather to its cap.
The crypto company also announced a whopping $3 billion token burn alongside a token buyback plan. This news resulted in a 40% price increase on the heels of the announcements. The token drew even more attention with the announced 50% fee buyback plan and Solana getting a new meme coin trading terminal with Jupiter's Ape Pro. Reflecting these developments, Jupiter Coin trading volume has doubled following the launch of the Trump Meme Coin, and user engagement has been boosted by a massive $860M airdrop for community voters.
Jupiter Coin News Analytics from Tue, 06 Aug 2024 07:00:00 GMT to Sun, 04 May 2025 05:30:54 GMT -
Rating 8
- Innovation 6
- Information 5
- Rumor 2
