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Not only has it become my largest SOLAlt but they also have a big conference coming up which will spike the price even further.

Jupiter's Catstanbul 2025 is a big event scheduled for January 25-26, 2025, in Istanbul, Turkey.

Overview of Catstanbul 2025:

  • first-ever Jupiverse conference

  • Tickets for the event are free but require a refundable deposit of 99 JUP tokens.

Key Events and Announcements:

  • One of the most highlighted events at Catstanbul will be the burning of 30% of the total supply of JUP tokens, which amounts to 3 billion tokens. This burn is intended to reduce the circulating supply from 10 billion to 7 billion, aiming to increase token value through scarcity. This will jack price big time!

  • The conference will serve as a platform for major unveilings related to Jupiter's ecosystem strategy, new initiatives, and partnerships.

  • Airdrop: Before Catstanbul, there was an airdrop of 700 million JUP tokens to reward community participation, which might influence market dynamics due to the influx of new tokens.

Comments

Greenfarmcat

The last paragraph re Catstanbul is in the past tense. Is that correct?

Kury Freedom

I know the burn reduces the eventual total supply by 30%. However after rewards I believe there will only be 2 billion circulating. Eventually the total supply will reach 7 billion coins. The burn May create news but it does not reduce the supply of JUP tokens as far as I know. Please correct me if I'm wrong.. according to coin gecko there are only 1.7 billion coins circulating. The max supply will be reduced to 7 billion from 10 billion. Which means there are still 5.3 billion tokens to be released. In other words over the coming years the token supply will triple. I just sold mine this morning at a 1.18 expecting a big Dump when rewards are released.