In a spectacle that would make even the most jaded of speculators raise a perfectly arched eyebrow, the JUP token has experienced a rather dramatic ascent, climbing over 25% in a mere day. Such an occurrence is as rare as a modest man in a room full of narcissists.
JUP, the token of Jupiter, Solana’s leading decentralized exchange aggregator, is not just a reward and governance token, but a veritable chalice of opportunity for those who dare to sip from its depths.
According to the scribes at Coinmarketcap, JUP now trades at the princely sum of $1.22—a 24% increase in the past 24 hours and a 38% leap in a week. Its market cap, a staggering $2.05 billion, is more than the GDP of some small countries, and with 1.68 billion tokens in circulation, it’s as ubiquitous as bad poetry at a dinner party.
In a move that can only be described as pyromaniacal, the Jupiter team decided to burn 3 billion tokens, nearly a third of the supply, on the 26th of January. The Solana ecosystem, already a bustling hive of activity, was given a further injection of enthusiasm, much like a cup of coffee to a sleepy aesthete.
And if that were not enough to cause a stir, the Jupiter team, with the flair of a stage magician, also declared that half of their protocol fees would be used for a JUP buyback plan. This bold announcement was made at “Catstanbul,” an event so grandiose it could make a peacock feel underdressed.
Alignment in action.
50% of @JupiterExchange protocol fees will now go towards $JUP buybacks.
Let’s. Fucking. Go.
— Jupiter 🪐 (@JupiterExchange) January 26, 2025
As the DeFi ecosystem on Solana continues to grow like a well-tended beard, Jupiter reaps the benefits of being the largest DEX aggregator, with a trading volume that would make a pirate weep with joy—over $7.19 billion in the past 24 hours, no less.
In a move that could only be described as audacious, Jupiter has acquired a majority stake in Moonshot, a trading platform for memecoins that is as popular as a free glass of champagne at a gallery opening.
Read More
- Cookie Run Kingdom: Shadow Milk Cookie Toppings and Beascuits guide
- Broadway Box Office: Idina Menzel in ‘Redwood’ Sees Strong Start
- We’re Terrible At Organizing Things.’ Tom Holland Reveals The Sweet Holiday Scheme He And Zendaya Are Going To Try Next Year
- New Era and BEAMS Reunite for Spring/Summer 2025 Collection
- Neil Gaiman’s Ex-Wife Amanda Palmer on Sexual Assault and Human Trafficking Claims: “I Deny the Allegations”
- Buffy the Vampire Slayer Reboot: Sarah Michelle Gellar Returns to Save the Day!
- 😂🚀 Cryptocurrency Shenanigans: Pepe Coin’s Wild Ride & Yeti Ouro’s Rise 🏔️💰
- Deva: Shahid Kapoor and Pooja Hegde’s lip-lock scene gets trimmed by CBFC? Film’s runtime and rating revealed
- Jodhaa Akbar Turns 17: The Academy to celebrate Hrithik Roshan and Aishwarya Rai starrer with special screening in March 2025
- 🔥 Ember Nodes Sale: Fuse’s L2 Expansion Ignites! 💥
2025-01-28 11:33