JUP Price Surges by 20% Following Jupiter Exchange 50% Buyback Revenue Plan
JUP’s market price, causing a surge of approximately 38%, from around $0.90 to approximately $1.27, before a slight retracement.
Solana-based decentralized exchange (DEX) aggregator Jupiter concluded its inaugural “Catstanbul 2025” event with a series of significant announcements to buyback a 50% revenue of JUP tokens.
The keynote address outlined a bold vision for JUP’s future, encompassing substantial buybacks, strategic acquisitions, and the launch of a new omnichain network.
A key component of Meow’s strategy involves a commitment to repurchase JUP tokens using 50% of the protocol’s fee revenue. We will hold these repurchased tokens in a dedicated “long-term litterbox,” signifying a long-term commitment to token value appreciation. We will allocate the remaining 50% of fees to operational expenses, growth initiatives, and strategic development, the firm says.
JUP Price Surges Following Announcement
The decision follows the already announced plan to burn 3 billion JUP tokens—currently valued at approximately $3.6 billion—aimed at reducing circulating supply and enhancing token scarcity. We initiated the burning mechanism, symbolically destroying a large metal cat sculpture, to reduce emissions, increase certainty, and reduce FDV.
The announcement immediately impacted JUP’s market price, causing a surge of approximately 38%, from around $0.90 to approximately $1.27, before a slight retracement. This volatility reflects the market’s response to Jupiter’s ambitious strategy.
Notably, Meow explicitly stated his intention to avoid selling JUP for operational purposes, asserting that the token serves as a mechanism for alignment within the ecosystem, reserving sales only for strategic long-term partnerships with aligned entities.
Meow, acknowledging the cryptocurrency space’s prevalent focus on buybacks, emphasized that community engagement and participation form the intrinsic value of JUP.
Moreover, he characterized every cryptocurrency, including JUP, as a “memecoin,” highlighting the importance of memetic appeal and community building in driving token value. This perspective underscores Jupiter’s commitment to fostering a strong and engaged user base.
Beyond the tokenomics announcements, Catstanbul 2025 showcased Jupiter’s broader expansion strategy. This included the acquisition of a majority stake in Moonshot, a competitor to Pump.fun, a significant move in the memecoin launchpad space.
Furthermore, the event saw the unveiling of Jupnet, a new omnichain network currently in beta testing, designed to enhance interoperability and accessibility. Jupiter also debuted a substantial V2 platform upgrade and launched a $10 million AI fund with Eliza Labs, further demonstrating Jupiter’s commitment to innovation and expansion in artificial intelligence.
