The native token of Solana-based DEX aggregator Jupiter, JUP, has defied the downward trend in the crypto market by increasing more than 34% against Bitcoin in the past week. This is due to the announcement of a buyback plan during the Catstanbul 2025 event, where 50% of protocol fees will be used to buy tokens from the open market to create a long-term reserve. While the news has boosted investor confidence, some in the community have raised concerns about potential centralization and increased trading costs. Jupiter is also taking steps to dominate the Solana ecosystem by acquiring a majority stake in memecoin trading platform Moonshot and on-chain portfolio tracker SonarWatch. Additionally, Jupiter plans to launch Jupnet, an omnichain network aimed at aggregating all of crypto on a single decentralized ledger. Despite concerns, these moves could attract new users and developers to the Solana ecosystem and drive innovation in the space.



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