- Jupiter acquires majority stake in Moonshot, a memecoin app with Apple Pay integration.
- Moonshot’s trading volume spiked to $400M after listing Donald Trump’s memecoin (TRUMP).
- Jupiter launches new “Ultra Mode” and security features, boosting platform and JUP token.
Jupiter, a top Solana-based decentralized exchange (DEX) aggregator, has acquired a significant stake in Moonshot. The app, which enabled the purchase of memecoins using Apple Pay, received much attention from the public within a short time. The acquisition was announced on 25th January by Jupiter’s official X post on Saturday.
Moonshot Sees Explosive Growth
Moonshot’s trading volumes spiked when it listed the Donald Trump memecoin (TRUMP) on January 18. The trading volume of Moonshot reached almost $400 million just after the release. By January 20, the Moonshot had 1 million daily active users. Before the TRUMP memecoin launch, Moonshot was at 309 in the US App Store finance category and immediately shot up to the 2nd position following the coin’s launch.
Jupiter has also announced the acquisition of SonarWatch, an application for tracking portfolios. SonarWatch will be closed as an individual service, while some of its features will be incorporated into Jupiter’s general platform. The native token of SonarWatch, SONAR, will be deprecated, and holders can swap it for Jupiter’s token, JUP.
Jupiter also released a number of major updates to the platform on January 25th. A new addition is the “Ultra Mode,” which controls real-time slippage, dynamic priority fees, and transaction optimization. The platform also unveiled a security tool known as the Jupiter Shield, which is due to roll out soon.
Furthermore, Jupiter’s Manual Mode now has new Routing and Broadcast features to help traders manage their trades better. New functionalities such as limit orders and one-click trading were included on the perpetual side by Jupiter, and these features are currently in beta.
Related: Jupiter Price Prediction 2025-35: Will It Hit $50 by 2035?
After these announcements, Jupiter’s native token, JUP, rose by 9.08% in the last 24 hours and is trading at $0.9373. With these strategic acquisitions and updates, Jupiter is simply cementing its place in the DeFi market and expanding its ecosystem.
