Jupiter founder Meow announced that the platform would burn $3 billion in JUP tokens, with 50% of the fees going towards token redemption.
The announcement was made at the end of Jupiter's inaugural "Catstanbul 2025" event, where the platform also announced the acquisition of a majority stake in mimcoin startup Moonshot and the launch of an artificial intelligence fund, among other important developments.
The platform also announced the acquisition of a majority stake in mymcoin startup Moonshot, the launch of an artificial intelligence fund and other important developments.
Solana-based DEX aggregator #Jupiter concluded the Catstanbul 2025 event with a speech by its founder Meow. At the "Catstanbul 2025" event, he excitedly announced the upcoming changes to #JUP , the platform's native management #token . Mr. Nya expressed his intention to make JUP "the most GOATed token ever"
and recognized the platform's dedicated team and community. Mr. Nha reminded the audience of the plan to burn 3 billion JUP tokens, currently valued at $3.6 billion (initiated by burning a large metal cat sculpture), to "reduce issuance, increase certainty and reduce FDV.
'
"We really want to connect the world. It's not an easy task. It requires a lot of incentives, a lot of capital and a lot of funding. The goal is simple: to make JUP become that firepower.
Yi Nya made another important announcement. The platform will start using 50% of the revenue from protocol fees to redeem JUP tokens. The tokens will be stored in
long-term holding, and the remaining 50% will be used for
growth, future strategy and full operational stability. I am convinced that the value of tokens is not dependent on buybacks.
The value of a token depends on the community. Remember that all coins are #meme coins.
: We don't want to sell JUP for operational reasons,
, meow. Why?
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