JUP Jumps 10% After Jupiter Acquires Majority Stake in Moonshot and Integrates SonarWatch

Highlights:

• Jupiter acquires a majority stake in Moonshot, a firm that trades memecoins using Apple Pay.
• The SonarWatch portfolio tool will become compatible with Jupiter’s new platform in the near future.
• Jupiter now offers Ultra Mode with real-time slippage, improved transactions, and new security enhancements.

Jupiter, a Solana-based decentralized exchange aggregator, disclosed its acquisition of a majority stake in Moonshot in Catstanbul. With Moonshot, users can purchase memecoins using Apple Pay. This is a strategic move for Jupiter as it widens its offering in the DeFi sector.

Moonshot’s user base has expanded significantly, especially after the release of the TRUMP memecoin by Donald Trump. In a single day of its launch, Moonshot got to the top rank in the US App Store for the finance category from an initial ranking of 309. The platform recorded a trading volume of $400 million and more than 1 million daily active users during this period.

Moonshot was launched in July 2024 as a self-custodial app built on TurnkeyHQ. Meow, the founder of Jupiter, described the members of the Moonshot team as professional and enthusiastic.

For the first announcement of Catstanbul, i'm thrilled to share that @JupiterExchange has acquired a majority stake in @moonshot.

The team is amongst the smartest, most driven group of people i have ever met & it has been incredibly fun jamming on the future of memes together.… https://t.co/crYwv8ZUNr pic.twitter.com/TmAo2O4sjZ

— meow (🐱, 🐐) (@weremeow) January 25, 2025

The latest acquisition follows Jupiter’s purchase of SolanaFM, a blockchain explorer backed by Etherscan, in September 2024. Jupiter purchased SolanaFM to enhance infrastructure and provide real-time data for Solana users. 

Following the announcement of Jupiter acquiring a majority stake in Moonshot, JUP’s price rallied over 10%. As of this writing, JUP is trading at $0.923, slightly below the $1 key level. In addition, the market cap and trading volume have climbed to $1.55 billion and $460 million, respectively.

SonarWatch Integration Strengthens Jupiter’s Portfolio Tools

Jupiter also bought SonarWatch, an application for tracking portfolios. The tool will be part of Jupiter’s ecosystem, and SonarWatch’s current website will be redirected to Jupiter’s portfolio site within three months.

Dear Community,

In case you haven’t heard, SonarWatch has been acquired by Jupiter. We’re joining JUP team to build the ultimate Portfolio Tracker on Solana!
We couldn’t be more excited!

We’ll do our best to answer all your questions here 👇

— SonarWatch | Portfolio Tracker (@Sonarwatch) January 25, 2025

The integration aims to offer a consistent interface for users who own assets. SonarWatch provides an additional useful feature to Jupiter’s array of services. Jupiter’s acquisition of a majority stake in Moonshot is in line with it’s objective to enhance the portfolio’s usability and tracking.

Platform Upgrades Introduced with Beta Rollout

Jupiter also rolled out major changes and new enhancements to the platform. The rollout comprises ‘Ultra Mode,’ which provides real-time estimation of slippage, dynamic priority fees, and optimized transaction handling.

Jupiter is going back into beta. The 100% reinvented https://t.co/TCZWw6zcqb is now live.

We have worked incredibly hard on never seen before features like Ultra Mode, RTSE, organic scoring, smart trigger orders, Jupiter Shield, magical mobile updates and major changes to perps… pic.twitter.com/9pfyNGdrHI

— Jupiter 🪐 (@JupiterExchange) January 25, 2025

The platform also enhanced Manual Mode by including Routing and Broadcast features in order to enhance trade management. Convenience features include limit orders and one-click trading which are available in perpetual trading. Jupiter’s new security tool, Jupiter Shield, promises to enhance the protection of users.

These updates are part of the Jupiter platform as it undergoes beta testing. A new version of the website, jup.ag, has an updated layout and some new features. The team welcomes any feedback during this period of roll-out in order to achieve the best results.

Fee Structure and Token List Enhancements

In addition, Jupiter announced a set of fees for trading in Ultra Mode, set at 0.1% per transaction. The manual mode remains fee-free to enable users to have various trading opportunities.

Meet Ultra Mode.
10x cheaper, 10x better.
Everything done for you, behind the scenes. pic.twitter.com/e2R9y1EXIf

— Jupiter 🪐 (@JupiterExchange) January 25, 2025

Furthermore, the updated Token List v3 includes organic scoring metrics. These metrics focus on hard-to-fake data such as the number of organic wallets and trading volume. The platform also includes the contributions of the community to improve the token assessment process.