Main implications
- Jupiter has acquired the majority of stakes in MOONSHOT MOONSHOT.
- Sonarwatch will entirely shift to Solana coverage.
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Solara -based Definite Central Exchange JUPITER has acquired the major shareholder of MOONSHOT, a meme coin lunch pad that ranks first in the financial app in the Apple App Store, after the launch of Trump Mimo.
You heard here first https://t.co/plnqsxf1 pic.twitter.com/jeoeklkscn
– Jupiter đȘ (@juPiterExchange) January 25, 2025
The acquisition was announced at Catstanbul, the first Jupiter conference in Istanbul, Turkey. At the time of this article, the financial conditions of the transaction were not disclosed.
âIn the first announcement of Catstanbul, I am pleased to share the news that Jupiter Exchange has acquired Moonshot’s stake in MOONSHOT. This team is one of the smartest and strongest groups I have met so far. â Jupiter’s pseudonym MEOW wrote on X on January 25.
MOONSHOT was ranked No. 1 in the financial app immediately after the launch of Trump Memecoin, and the US Apple App STORE free app category seventh place, which quickly surpassed the market cap of $ 13 billion in just 24 hours.
Jupiter also announced the acquisition of Sonarwatch with the goal of building the best Solana portfolio tracker.
By the way, we also acquired Chads. @Sonarwatch.
Today we release https://t.co/vl23rmwcyb we created.
Interact and track Solana activities integrated into Jupiter today. It will be released soon on mobile. pic.twitter.com/xnnroanqrd
– Jupiter đȘ (@juPiterExchange) January 25, 2025
Sonarwatch will focus on building a portfolio tracker (portfolio.jup.ag), and will only be converted to solara coverage as the current platform is phased out.
Dear community
If you haven’t heard it yet, Sonarwatch has been acquired by Jupiter. We joined the JUP team to build the best portfolio tracker in Solana!
We can’t be more excited than this!I will do my best to answer all your questions here đ
– Sona Watch | Portfolio Tracker (@sonarwatch) January 25, 2025
As part of the integration, the Sonar token is discontinued, the remaining supply is incinerated, and the holder can claim Jupiter’s JUP tokens. Sonarwatch Portfolio API is no longer used after the transition period of January 31st.
The latest development is based on Wednesday, ‘JUPUARY’ Airdrops that Jupiter distributed about 700 million JUP tokens worth $ 616 million.
JUP tokens fell 6% to $ 0.81 after airdrop. Since then, it has risen again and is currently trading more than $ 0.9 per CoinmarketCap.
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