Key Takeaways
- Jupiter acquired a majority stake in meme coin launchpad Moonshot.
- SonarWatch might be transitioning its focus completely to Solana protection.
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Solana-based decentralized alternate Jupiter has acquired a majority stake in Moonshot, a meme coin launchpad that just lately topped the finance app rankings on the US Apple App Retailer following the TRUMP meme coin launch.
you heard it right here first https://t.co/pLNQsbsXf1 pic.twitter.com/jEOEkLKSCn
— Jupiter
(@JupiterExchange) January 25, 2025
The acquisition was introduced at Catstanbul, Jupiter’s first-ever convention in Istanbul, Turkey. Monetary phrases of the deal weren’t disclosed on the time of writing.
“For the primary announcement of Catstanbul, I’m thrilled to share that Jupiter Change has acquired a majority stake in Moonshot. The workforce is amongst the neatest, most pushed group of individuals I’ve ever met,” Meow, Jupiter’s pseudonymous founder, wrote on X on Jan. 25.
Moonshot surged to the highest spot amongst finance apps and seventh total within the US Apple App Retailer’s free apps class shortly after the launch of the TRUMP memecoin, which quickly achieved a market cap exceeding $13 billion in simply over 24 hours.
Jupiter additionally introduced the acquisition of SonarWatch, aiming to construct the final word Solana portfolio tracker.
Btw, we additionally acquired the chads at @SonarWatch.
In the present day, we’re releasing https://t.co/vl23rMwCYB, constructed by them.
Work together and monitor your Solana exercise, built-in into Jupiter at present. Coming quickly for Cellular as effectively. pic.twitter.com/xnNROANqRd
— Jupiter
SonarWatch will transition solely to Solana protection, with its present platform being phased out because the workforce focuses on constructing a portfolio tracker at portfolio.jup.ag.
Pricey Group,
In case you haven’t heard, SonarWatch has been acquired by Jupiter. We’re becoming a member of JUP workforce to construct the final word Portfolio Tracker on Solana!
We couldn’t be extra excited!We’ll do our greatest to reply all of your questions right here
— SonarWatch | Portfolio Tracker (@Sonarwatch) January 25, 2025
As a part of the mixing, the SONAR token might be discontinued and the remaining provide burned, with holders eligible to say Jupiter’s JUP tokens. The SonarWatch Portfolio API might be deprecated after a six-month transition interval beginning January 31.
The most recent developments observe Jupiter’s distribution of round 700 million JUP tokens, valued at $616 million, via its ‘Jupuary’ airdrop on Wednesday.
The JUP token dropped 6% to $0.81 following the airdrop. It has since climbed again, now buying and selling above $0.9, per CoinMarketCap.
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