In a recent move Jupiter acquired majority ownership of Moonshot through payment terms undisclosed during January 25th 2025 while operating as a DEX aggregator on the Solana network.
“For the first announcement of Catstanbul, I’m thrilled to share that Jupiter Exchange has acquired a majority stake in Moonshot. The team is amongst the smartest, most driven group of people I have ever met.”
Jupiter’s entry into Moonshot occurred through a majority stake acquisition according to pseudonymous founder Meow who disclosed the acquisition on X. When Moonshot launched the Official Trump (TRUMP) memecoin on January 18 it propelled the platform swiftly toward mass popularity.
Jupiter Enhances User Security
The debut of TRUMP resulted in Moonshot moving from its previous position at number 309 in U.S. App Store finance listings to number one. The release of memecoin triggered an impressive surge taking the app to its number one ranking position in a single day.
From Launch Day until January 20 Moonshot recorded nearly $400 million in total volume and crossed 1 million daily active users. TurnkeyHQ drives the self-custodial Moonshot application which became available in July 2024.
Jupiter has made a move to acquire SonarWatch as part of an integration plan for the portfolio-tracking tool to be added to its own platform. During its assimilation into the aggregator portfolio tracker website every aspect of SonarWatch’s standalone service platform will migrate to the new platform.
As SonarWatch progresses through its integration Jupiter will sunset its SONAR token for the uptake of its native JUP token by token holders. As part of its update the aggregator announced several platform features that focus on improving user interactions.
Recent upgrades brought “Ultra Mode” to the platform which operates key features through automation by providing both real-time slippage analytics and automatic fee adjustments with optimized transaction prioritization. A new security solution titled “Jupiter Shield” will become available to users through the aggregator soon.
Jupiter’s purchase of Phantom and Solrise along with their platform advancements positions the company to dominate the Solana DeFi sphere as memecoin trading and portfolio management tools gain increasing popularity in the market.
