Jupiter DEX acquires majority stake in Moonshot

Moonshot is a web3 mobile application designed for trading memecoins on the Solana blockchain, launched in June 2024. It Supports multiple payment methods including credit/debit cards, Apple Pay, and PayPal

Solana-based decentralized exchange (DEX) aggregator Jupiter, the third-largest DeFi protocol on the Solana blockchain, has acquired a majority stake in Moonshot, a platform that enables users to purchase memecoins using Apple Pay.

The financial details of the deal have not been disclosed.

meow (🐱, 🐐) on X: "For the first announcement of Catstanbul, i'm thrilled to share that @JupiterExchange has acquired a majority stake in @moonshot. 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. 

The announcement was made by Jupiter’s founder, Meow, on January 25 via X, marking an important move in the expansion of Jupiter’s ecosystem.

Moonshot has seen a meteoric rise in popularity, particularly after the launch of the Official Trump (TRUMP) memecoin on January 18.

During TRUMP’s debut, Moonshot recorded an impressive $400 million in trading volume.

By integrating Moonshot’s innovative features, Jupiter aims to make the platform leadership position within the DeFi and Solana ecosystems.