Solana-based Project Shows 40% Increase, Outperforming the Market! Here's Why!

The decentralized exchange Jupiter (JUP collector of Solana based )DEX(, showed a %40 increase following an important announcement made by the founder Meow with the nickname 'Catstanbul 2025' at the platform's launch event.

Jupiter )JUP( rose by 40% after the announcement of 50% Fee Refund by the Founder

In his opening speech, Meow declared his passion for making JUP the "most GOATed" token and reaffirmed a previously announced plan to burn 3 billion JUP tokens, which are currently worth 3.6 billion dollars.

The process of burning symbolic tokens was initiated by burning a large metal cat statue, reinforcing the platform's goal of reducing emissions, increasing certainty, and greatly reducing fully diluted valuation )FDV(.

In addition to the burning process, Meow announced that 50% of all protocol fee revenues will now be used to buy back JUP tokens to be held in the 'long-term litter box' reserve. The remaining 50% of the fees will be allocated for 'growth, future strategy, and operational stability.'

Meow, he opposed the common narratives in crypto investment by saying, “I absolutely believe that a token's value is not dependent on buybacks. A token's value depends on the community… every coin is a memecoin.”

This announcement triggered an immediate market response, raising the price of JUP from $0.90 to $1.27 and then retracting a bit.

Jupiter Expanding Artificial Intelligence and Memecoin Investments

Beyond the buyback plan, Jupiter announced a series of significant ecosystem developments, including the following:

To buy a majority stake in Moonshot, a memecoin launchpad that competes with Pump.fun.

• Introducing Jupnet, an omnichain network currently in beta testing.
• The release of Jupiter V2, an upgrade to the platform's DEX aggregation services.
• Launching a $10 million artificial intelligence fund in collaboration with Eliza Labs.