It was during the golden hours of the cattywampus Catstanbul conference in Turkey, that Jupiter, a Solana-based decentralized exchange aggregator, pounced on an opportunity no one saw coming. The news rolled out like a ball of yarn from Meow, the pseudonymous founder of Jupiter. Meow, with all the nonchalance of a housecat interrupting a Zoom meeting, announced that Jupiter had snagged a majority stake in Moonshot — a maverick app letting folks buy memecoins using Apple Pay.
For the first announcement of Catstanbul, I’m thrilled to share that @JupiterExchange has acquired a majority stake in @moonshot.
The team is amongst the smartest, most driven group of people I have ever met & it has been incredibly fun jamming on the future of memes together…
— Meow (🐱, 🐐) (@weremeow) January 25, 2025
Moonshot, in a not-so-surprising twist of fate, clawed its way to the top after launching Donald Trump’s “TRUMP” memecoin on January 18. This got eyebrows raising and thumbs tapping. In a matter of days, Moonshot boasted a trading volume of nearly $400 million and 1 million daily active users by January 20. They say you can’t teach an old dog new tricks, but this memecoin proved otherwise.
Meanwhile, Jupiter’s star was already on the rise, having recently air-dropped 700,000 JUP tokens to over two million users. With this new alliance, the scene was set for more shenanigans and innovation in the wild west of the Solana DeFi space. Hold on to your hats, folks; it’s going to be a wild ride.
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2025-01-27 16:21