With the surge in popularity of blockchain and related technologies, established firms and companies have been expanding their influence by either acquiring newly founded companies or gaining majority stakes in various ecosystems.
In a recent development, it has been reported that Jupiter, a decentralized exchange (DEX) built on Solana, has acquired a significant stake in Moonshot. The news gained mainstream reporting after being posted from the X handle of Meow the pseudonymous creator of Jupiter.
The post reads “ For the first announcement of Catstanbul, I’m thrilled to share that JupiterExchange has acquired a majority stake in Moonshot.” Further noting “ The team is amongst the smartest, most driven group of people I have ever met & it has been incredibly fun jamming on the future of memes together.”
As per the additional information, Moonshot gathered massive traction in the cryptocurrency market following the launch of the most talked memecoin nowadays, Official Trump (TRUMP), the token was launched on January 18, 2025.
It is worth noting that, Moonshot allows users to purchase memecoins using Apple Pay, as per appfigures data the application holds the first position in the free finance category of the Apple App Store, surpassing giants such as PayPal, Coinbase, and Robinhood.
