Jupiter DEX on Solana Secures Majority Ownership of Moonshot

Jupiter DEX bought Moonshot, a viral crypto app for memecoins like “TRUMP,” while burning tokens and boosting JUP prices—big hype for Solana DeFi!

Solana’s top DeFi player, Jupiter DEX, just made waves by snagging a majority stake in Moonshot, the self-custody app that lets you snag memecoins like a pro—yes, even with Apple Pay. The tea? Moonshot went viral after Donald Trump’s “TRUMP” token dropped on Jan 18, skyrocketing to the #1 spot in the U.S. App Store’s finance category. With nearly $400M in trading volume and a whopping 1M daily users by Jan 20, it’s safe to say Moonshot is a vibe.

Jupiter’s move isn’t just about flexing. Announced by their founder “Meow” (yes, really) at Catstanbul, Turkey’s first-ever Jupiter community event, this acquisition levels up the Solana DeFi game big time. They’re not stopping there, though. Jupiter also dropped another banger—burning $3B worth of JUP tokens and pledging 50% of trading fee income to buy back JUP. Naturally, this sent JUP’s price skyrocketing to $1.27, and the community is hyped.

This comes hot off their recent airdrop of 700K JUP tokens to 2M+ users. Jupiter and Moonshot are clearly out here trying to make Solana DeFi the main character, and honestly? It’s working. Big moves, big energy—Solana’s DeFi space is thriving!

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Anmol Khatiwada

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