When Jupiter Swallowed Moonshot: The Meme-tastic Acquisition!

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Oh, hello there! 🌌 You won’t believe what’s happening in the crypto universe… Jupiter, the granddaddy of perpetual exchanges on the Solana blockchain, 🌟 has just gobbled up a majority stake in Moonshot. And no, we’re not talking about a giant leap for mankind, but rather a giant leap for meme-kind! 🚀🐱

Breaking cat news from Catstanbul! 🎉 @JupiterExchange now owns a chunk of @moonshot. The team is so sharp they could slice through butter with their minds. It’s been a blast plotting the future of memes together. …

— meow (🐱, 🐐) (@weremeow) January 25, 2025

Moonshot, for the uninitiated, is a place where you can trade meme coins on your phone. 📱💰 You know, those digital tokens that make you laugh or cringe, depending on your sense of humor. Since the Trumps launched their own meme coins, Moonshot’s fees have skyrocketed to $6.3 million in a single day. That’s a lot of moolah for something that didn’t even exist a month ago! 🤑

This move by Jupiter might just be the Solana ecosystem’s way of saying, “We’re not done yet!” 🤘 With a market cap of over $20 billion for all Solana meme coins combined, it seems like the joke’s on us… or maybe on them? 🤔

As for Jupiter, they’ve got the DeFi world wrapped around their little finger with $2.4 billion in total value locked. They’re second only to Hyperliquid in the perpetual futures game, having traded over $208 billion since they opened shop. Not bad for a bunch of cats playing with virtual money, eh? 😹💰

And the cherry on top? Jupiter’s JUP token surged by 15.7% after the Moonshot news dropped. Now it’s worth $2 billion, and the fully diluted valuation is $9 billion. That’s enough to make even the richest cat purr with delight. 🐾💰

Of course, none of this would be possible without the ongoing Catstanbul event in Istanbul, where developers show off their latest and greatest. Last June, Meow suggested cutting the total supply of JUP tokens by 30%, making each token as precious as a rare diamond. Or a rare catnip mouse, if you prefer. 🐱💎

So, there you have it. Jupiter is now the king of meme coins, or at least the biggest liquidity aggregator on Solana. Who knew that buying and selling internet jokes could lead to such astronomical success? 🌠🚀

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2025-01-25 19:15