Jupiter Exchange, a decentralized exchange aggregator on the Solana blockchain, announced a series of significant updates during its inaugural community event, Catstanbul 2025. The platform conducted a $3 billion token burn, reducing the total supply of its native token, JUP, by 30% from 10 billion to 7 billion tokens. Additionally, Jupiter revealed a plan to allocate 50% of its protocol fees to buy back JUP tokens, with the remaining 50% directed toward growth and operational stability. The announcements, made by the platform's pseudonymous founder, Meow, included the symbolic burning of a cat sculpture and led to a surge in JUP's price, with the token gaining over 25% in recent trading and reaching an intraday high of $1.25. JUP's current market cap stands at $2.03 billion. Jupiter also acquired a majority stake in Moonshot, a memecoin trading platform, as part of its expansion strategy. The platform introduced Jupnet, an omnichain network aimed at aggregating cryptocurrencies into a single decentralized ledger, which is currently in its early testnet phase. It also unveiled new features such as Ultra Mode, which enhances trading efficiency. These developments underscore Jupiter's commitment to advancing its ecosystem and strengthening its position in the decentralized finance space.