Jupiter, a Solana DEX aggregator, has seen a significant increase in its monthly swaps trading volume, doubling its previous numbers. The surge in volume is mainly attributed to the launch of the Trump meme coin on the Solana network, which attracted a large number of investors. Despite market volatility, Jupiter's native token, JUP, has been performing well and is currently one of the top performers in the market. To further boost the token's price and utility, Jupiter has announced initiatives including a token burn and a buyback plan. The platform also plans to allocate 50% of its fee revenue towards rebuying JUP tokens to stabilize their long-term value.
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