Jupiter takes majority stake in Moonshot and integrates SonarWatch

Solana-based decentralized alternate Jupiter has acquired a majority stake in Moonshot, a meme coin launchpad that 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 general 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 last word Solana portfolio tracker.

Btw, we additionally acquired the chads at @SonarWatch.

At present, we’re releasing https://t.co/vl23rMwCYB, constructed by them.

Work together and observe your Solana exercise, built-in into Jupiter right this moment. Coming quickly for Cell as nicely. pic.twitter.com/xnNROANqRd

— Jupiter 🪐 (@JupiterExchange) January 25, 2025

SonarWatch will transition completely to Solana protection, with its present platform being phased out because the workforce focuses on constructing a portfolio tracker at portfolio.jup.ag.

Expensive Group,

In case you haven’t heard, SonarWatch has been acquired by Jupiter. We’re becoming a member of JUP workforce to construct the last 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 combination, the SONAR token shall be discontinued and the remaining provide burned, with holders eligible to assert Jupiter’s JUP tokens. The SonarWatch Portfolio API shall be deprecated after a six-month transition interval beginning January 31.

The newest developments comply with Jupiter’s distribution of round 700 million JUP tokens, valued at $616 million, by 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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