Jupiter

By acquiring most of Moonshot, Jupiter now benefits from experienced and inexperienced memecoin traders alike

Based on Blockworks Research estimates, JUP buybacks comes up to ~40% of total supply

Solana ecosystem leaders called out the behavior and multiple posters pledged to sell Jupiter’s native token

The app has just two tabs, one for making swaps and one for viewing your wallet balance

Despite some hiccups the last few months, its native token has traded essentially in tandem with SOL over the past few months

Plus, Jupiter Exchange is contemplating an overhaul of its Jupuary event

Users are concerned that Jupiter is using this open market opportunity to raise funds without users being “completely aware” this was the case

The airdrop will allocate 1 billion JUP tokens to community members