Connect with us

Crypto Exchange

Jupiter Exchange Acquires a Majority Stake in Moonshot

Published

1 month ago

on

Jupiter and Monshot

Jupiter Exchange acquired a majority stake in Moonshot. Jupiter Exchange is a decentralized exchange (DEX) aggregator built on the Solana blockchain.

It connects users to multiple decentralized exchanges and automated market makers (AMMs) within the Solana ecosystem, ensuring optimal token swap rates by aggregating liquidity from various sources.

The announcement was made at the ongoing Catstanbull 2025.

https://twitter.com/weremeow/status/1883068425737556153

Moonshot is an innovative platform that simplifies the creation, collection, and trading of meme or vanity coins on public blockchain protocols, particularly the Solana blockchain. It offers a user-friendly interface for individuals interested in engaging with meme coins.

On January 17, 2025, President Donald Trump launched an official meme coin named $TRUMP, quickly gaining significant attention in the cryptocurrency market. This coin was launched with the help of Moonshot and Jupiter exchange.

Recently, Jupiter exchange has started a “Jupuary” airdrop event, distributing its native governance token, $JUP, to eligible users. The airdrop allocates 700 million $JUP tokens, valued at approximately $500 million, to over 2 million qualifying wallets.

Disclaimer: Koinalert’s content is only for information purpose in nature and should not be considered as investment advice. Do your own market research before investing in any cryptocurrencies. The author or publication does not hold any responsibility for your personal financial loss.

Related Topics:

Ashish is a cryptocurrency journalist who has been passionately involved in the bitcoin space since 2016. His interests lie in bitcoin security, open-source systems, network effects and the intersection between economics and cryptography.