⇗ Jupiter Coin Shines amid Meme Coin App Acquisition, Token Burn, and 50% Fee Buyback Plan

Jupiter Coin (JUP) has recently drawn investor attention after its price exhibited bullish signals following a record low. Experts are now predicting a significant price surge, asserting that JUP can hit $5 by 2025. These predictions arise from a series of strategic decisions by the blockchain company. Jupiter Coin has announced a mass token burn of 3 billion JUP causing its token price to rise by 40%, plans have been unveiled for a 50% fee buyback, and an annual buyback scheme is expected to exceed $100m. The platform has also made major advances in acquiring a majority stake in a Trump-favored memecoin app, and integrating with SonarWatch after taking a controlling stake in Moonshot.

Despite the widened adoption in the cryptocurrency market and a bullish trend following the launch of Jupiter's mobile V2 and EigenLayer slashing upgrade, some critical events have led to mixed reviews. The Output of the Solana DeFi token was seen dropping after whales rotated to other cryptos. Also, news is circulating of a possible further dump following the announcement of the release of large token supplies. This leads many to question its future prospects. Some experts express concern about increasing volatility risks and warn that a potential reversal in fortunes is likely. The JUP token has weathered hacking issues and regulatory scrunity and despite these challenges, its community is eagerly awaiting the release of their universal send feature for seamless SOL, USDC and Meme Coin transactions.

Jupiter Coin News Analytics from Mon, 29 Jan 2024 13:17:16 GMT to Fri, 01 Aug 2025 07:00:00 GMT - Rating 5 - Innovation 7 - Information 5 - Rumor 6