- Jupiter native token JUP price surged over 10%, and the token is currently trading at $0.98.
- The exchange announced Moonshot App and SonarWatch acquisitions at the Catstanbul event.
- Jupiter also launched “Jupnet” omnichain network and a $10M AI fund.
Jupiter exchange has always been a major DEX aggregator, contributing largely to the Solana DeFi ecosystem. With recent platform upgrades and major acquisitions, the JUP token price surged considerably for the last 24 hours. In addition, Jupiter has brought various platform features to enhance trading experience to its users.
JUP token price is up by over 7% and is currently trading at $0.98. At some point in the last 24 hours, JUP token price even surged by around 20% and went to as high as $1.2594 from the lows of $0.90. Its market capitalization surged by around 7% and 24-hour trading volume witnessed a staggering 114% surge so far. However, the JUP token price is witnessing a steady decrease in its token price surge for the last few hours.
Jupiter Acquires Moonshot and SonarWatch Platforms
Moonshot is a memecoin trading platform and its mobile application was launched in July 2024. The App became popular within no time after allowing TRUMP memecoin trading on Jan 18, 2025. Thus, Moonshot became one of the top mobile applications in the Apple App Store, recording around 1 million daily active users.
Jupiter recently announced that it acquired a majority stake in Moonshot, during its Catstanbul event. Apart from being the top memecoin trading platform in the App Store, Moonshot also gained recognition for its innovative payment options. Being Solana’s largest DEX platform, Jupiter is poised to take memecoin trading to the next level with this acquisition.
Another major Catstanbul announcement is that Jupiter also acquired the SonarWatch portfolio tracking tool. As a result, SonarWatch is going to cease its operations and completely integrate into its exchange platform. Furthermore, all the SONAR token holders will be awarded JUP tokens, following the discontinuation of SONAR.
Jupiter Upgrades the DEX Platform With New Features
In addition to acquisitions, Jupiter exchange also announced various platform upgrades during the Catstanbul event. It launched a “V2” version of the platform, adding new features such as Ultra Mode, Organic Scoring, Jupiter Shield, and RTSE.
Jupiter introduced the “Jupnet” network to enhance crypto trading by aggregating all of the cryptocurrencies in one single decentralized ledger. Another major announcement includes the launch of a $10 million AI fund that supports open-source AI development. And, Jupiter also announced to buyback tokens, spending 50% of all fees.
In addition, the exchange also stated on one of its posts on X that 3 billion JUP tokens have been burnt. The token buyback plan, token burn, platform upgrades, and acquisitions led to the price surge of JUP tokens and are set to enhance the Solana DeFi ecosystem further.
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