Jup, the coin of the Solana-based Jupiter Exchange, is up around 30% today. There were 3 critical explanations behind the rise. In this video I will explain why JUP, Solana's most important beta in my opinion, has just started its journey to $10. JUP buybacks just announced! 50% of Jupiter Exchange protocol fees will now go towards JUP buybacks. **3B JUP tokens will be burned *** Quick napkin maths to demonstrate potential impact (seems HUGE): Jupiter DEX averaging $110B in monthly volume (based on average of last 3 months). At 0.1% fees with 50% going to JUP buybacks: $55M monthly buy pressure $660M annual buybacks ~9.4% of total supply bought annually PLUS JUPITER is burning 30% of the token supply Seems extremely bullish, and the team are very focused on driving value to JUP. In a vertical integration move, Jupiter, a clearing broker and router platform in Solana, has acquired Moonshot, a system that connects with Apple wallets to reach customers who are not familiar with trading on decentralized crypto exchanges. At a recent event in Istanbul, the team announced a number of new developments, including Jupnet, different blockchain structures and a number of partnerships. With all this in mind, I think Jupiter, Solana's biggest beta, could reach $10 by the end of 2025. The statements in the video are for informational purposes only and not investment advice.
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