Reported 2 days ago
Jupiter's founder, known as 'Meow,' announced a plan to burn 3 billion JUP tokens and implement a 50% fee buyback strategy during the 'Catstanbul 2025' event, leading to a 40% increase in token price. The burn aims to cut emissions and lower the platform's valuation. Meow highlighted the community's role in the token's value, as well as new initiatives like the launch of an omnichain network and a $10 million AI fund. The event established Jupiter's commitment to growth, strategic partnerships, and enhancing its role within the cryptocurrency ecosystem.
Source: YAHOO