Jupiter, concluded its “Catstanbul 2025” event, where founder Meow revealed plans to make JUP the “most GOATed” token.
Jupiter, a decentralized exchange (DEX) aggregator based in Solana, concluded its first-ever event, which was called “Catstanbul 2025,” with a keynote address delivered by its pseudonymous founder, Meow.
Meow enthusiastically stated that the platform’s native governance token, JUP +6.23%, will undergo imminent modifications. Meow announced his aim to create JUP, the “most GOATed” token, which is an acronym that stands for “greatest of all time.”
He pointed out that the platform has a committed staff and community. With the intention of “reducing emissions, increasing certainty, and reducing FDV,” Meow brought to the attention of the crowd the planned burning of three billion JUP tokens, which is presently worth $3.6 billion.
The burning of a massive metal cat sculpture was the impetus for the burning of the tokens. “We want to really connect the entire world and it’s not going to be easy,” Meow explained.
We need a lot of incentives, we need a lot of capital, we need a lot of funds the goal is simple, we need JUP to be that firepower. Following that, Meow made yet another significant announcement: the platform will start repurchasing JUP tokens with fifty percent of the income generated from its protocol fees.
These tokens would be stored in the “long-term litterbox,” while the remaining fifty percent of the fees would be used for “growth, future strategy, and full operational stability.” “I strongly believe that the value of a token is not anchored in buybacks, despite what [Crypto Twitter] might tell you,” Meow stated in an interview.
Community anchors the value of a token; remember, every coin is a memecoin.” As a result of the announcement, the price of JUP increased by around forty percent, from its low point of approximately ninety cents to approximately one dollar and twenty-seven cents, before experiencing a minor decline.
“I don’t want to ever f—ing sell JUP for operational reasons,” Meow stated in response. Why is that? This is primarily because JUP prioritizes alignment over costs. Meow mentioned that Jupiter might sell JUP in order to develop long-term agreements with partners who are “really aligned with us.”
Jupiter has made significant advancements in the artificial intelligence and memecoin industries, including the acquisition of a majority stake in Moonshot, a competitor to Pump.fun, a memecoin launchpad; the introduction of a new omnichain network calledJupnet’ that is currently in beta testing; the debut of a V2 upgrade of the platform; and the launch of a new $10 million AI fund in collaboration with Eliza Labs. The announcement is the culmination of the platform’s event.
