Jupiter Spikes 40% as Founder Announces Token Buyback Initiative

Jupiter’s Fee Revenue Strategy

Solana-based decentralized exchange aggregator Jupiter has unveiled a transformative approach to its protocol fee revenue. At the inaugural “Catstanbul 2025” event, Jupiter’s pseudonymous founder, “Meow,” announced that 50% of the platform’s revenue would be allocated to buying back its native token, JUP.

Burning Tokens to Reduce Supply

To complement this strategy, Jupiter initiated the burn of 3 billion JUP tokens, worth $3.6 billion, during the event. Meow described the move as essential for reducing token emissions and stabilizing the platform’s fully diluted valuation. He emphasized the platform’s focus on aligning community incentives with long-term growth.

Market Impact of the Announcement

Following the announcement, JUP’s price surged by 40%, climbing from $0.90 to $1.27 before stabilizing. The founder stressed that the value of the token lies not just in buybacks but in fostering a strong and engaged community.

Expansion into AI and Memecoins

Jupiter also revealed plans to diversify its operations, acquiring a majority stake in memecoin launchpad Moonshot, introducing the Jupnet omnichain network, and launching a $10 million AI fund in partnership with Eliza Labs. These initiatives aim to position Jupiter as a leader in emerging blockchain sectors.