Jupiter’s founder, nicknamed ‘Meow’, announced that the platform will burn $3 billion worth of JUP tokens. Additionally, the founder stated that he will start using 50 percent of his fees to buy the tokens back from the market. The announcement also includes Jupiter’s inaugural ‘Catstanbul 2025’ event. Additionally, the Solana-based platform announced that it has acquired a majority stake in meme coin launchpad Moonshot. In addition, Jupiter launched an artificial intelligence fund.
Jupiter announced its critical moves at Catstanbul 2025!
Solana-based DEX aggregator Jupiter announced changes to the platform’s native governance token at its inaugural ‘Catstanbul 2025’ event. In this context, the founder nicknamed ‘Meow’ announced important developments in his opening speech. Meow announced his intention to make JUP “the most GOATed (greatest of all time) token.” He also praised the platform’s dedicated team and community. Meow reminded the community that there are plans to burn 3 billion JUP tokens, currently worth $3.6 billion, in order to “reduce emissions, increase certainty, and reduce FDV.” In this regard, Meow said:
We really want to connect the whole world… and it won’t be easy. We need a lot of stimulus, we need a lot of capital, we need a lot of funding… the goal is simple, we need JUP to be that firepower.
Solana based project will implement buyback program!
Then Meow made another important announcement. According to this statement, the platform will start using 50% of the protocol fee income to buy back JUP tokens, which will be kept in the “long-term trash bin”. The other 50% of the fees will be used for “growth, future strategy and full operational stability.” Meow made the following statement on this subject:
Despite what crypto Twitter might tell you, I firmly believe that the value of a token does not depend on buybacks. The value of a token depends on the community… remember, every coin is a memecoin.
JUP price reacted positively to the developments
Amid these developments, the JUP price rose by nearly 40% from its lowest level of around $0.90 to $1.27. “I never want to sell JUP for operational reasons,” Meow said. Why? Because JUP is not for expenses, JUP is for compliance.” he said. Meanwhile, Meow noted that Jupiter may sell JUP to establish long-term partnerships with partners “who are really aligned with us.”
cryptokoin.comAs you follow from , Jupiter has made big moves in the field of artificial intelligence and memecoin. Memecoin acquired a majority stake in launchpad and Pump.fun rival Moonshot. It also introduced a new ‘Jupnet’ omnichain network, which is currently in beta. Additionally, it released the V2 upgrade of the platform.
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