Jupiter Price Up 40%, Pump.fun Earns $15.5M in Fees, Saylor’s BTC Holdings Hit $48.4B

iconKuCoin News
Share
Copy

Bitcoin is currently priced at $101,095, down 3.4% in the past 24 hours, while Ethereum trades at $3,171.78, down 4.5%. The Fear and Greed Index decreased to 71, indicating a bullish market sentiment. Jupiter announced burning three billion JUP tokens and using half its fees for buybacks, driving JUP up 40%. Pump.fun reached a $15.5 million single-day fee record, processing $4 billion in just two weeks. Michael Saylor continued his Bitcoin push, adding to MicroStrategy’s 461,000 BTC holdings. Virtuals Protocol expanded to Solana, creating a strategic SOL reserve to support its community. Meanwhile, the Official Trump token (TRUMP) launched, hitting a $71 billion valuation in two days and sparking debates across the industry. These developments highlight the fast-paced and diverse strategies shaping the crypto landscape.

 

What’s Trending in the Crypto Community? 

  • Jupiter’s pseudonymous founder ‘Meow’ announced the platform would burn $3 billion JUP tokens and begin using 50% of its fees to buy back the tokens from the market, leading to a spike in the token’s price. As a result, Jupiter Spikes 40%.

  • Jupiter bought a majority stake in Moonshot, launched 'Jupnet,' and introduced a $10 million AI fund at the Catstanbul event.

  • Pump.fun Sets Single-Day Revenue Record with $15.5M in Fees as TRUMP Memecoin is in Focus.

  • Michael Saylor Continues BTC Accumulation, Totalling $48.4B.

 

 Crypto Fear & Greed Index | Source: Alternative.me 

 

Trending Tokens of the Day 

Top 24-Hour Performers 

Trading Pair 

24H Change

JUP/USDT

+8.58%

KCS/USDT

-2.32%

MOVE/USDT

+1.74%

 

Trade now on KuCoin

 

Jupiter Spikes 40% as Founder Announces Token Buybacks

Source: The Block

 

Jupiter, a Solana-based DEX aggregator, saw its native token JUP surge by 40%. The platform's founder, known as 'Meow,' revealed plans to burn 3 billion JUP tokens worth $3.6 billion. This move aims to reduce token emissions, increase market certainty, and lower Fully Diluted Valuation (FDV).

 

Meow emphasized the importance of community in token value. "The value of a token is anchored in the community...every coin is a memecoin," he stated. Additionally, Jupiter will allocate 50% of its fees to buy back JUP tokens for long-term holding, while the remaining 50% will support growth and operational stability.

 

Following the announcement at the 'Catstanbul 2025' event, JUP's price climbed from $0.90 to $1.27 before a slight pullback. Jupiter also announced acquiring a majority stake in memecoin launchpad Moonshot, launching an AI fund, and introducing the 'Jupnet' omnichain network in beta.

 

Read more: Jupiter’s $616M Solana Airdrop: The 2025 JUP Token Guide

 

Pump.fun Sets Single-Day Revenue Record with $15.5 Million in Fees

Daily Pump.fun Revenue. Source: DefiLlama

 

Pump.fun, a memecoin platform on Solana, achieved its highest daily revenue on January 24, earning $15.5 million in fees. Since its launch on January 19, 2024, Pump.fun has processed $4 billion in volume and collected 2.5 million SOL in fees.

 

The platform quickly became the fastest crypto app to generate $100 million in revenue, reaching this milestone in just 217 days. Popular memecoins like Moo Deng and Fartcoin contributed to its success by tapping into internet culture and innovative launch mechanics that promote legitimate projects.

 

The record-breaking day was boosted by the hype around Vine Coin, a new memecoin by Rus Yusupov. Speculation about Elon Musk reviving the Vine brand added to the excitement, driving substantial trading activity on Pump.fun.

 

Read more: What Is Pump.fun, and How to Create Your Memecoins on the Launchpad?

 

Memecoins in Focus After Official Trump Token Launch

Source: KuCoin

 

The memecoin sector gained attention with the launch of the Official Trump token (TRUMP). Within 48 hours, TRUMP reached a fully diluted valuation of approximately $71 billion, climbing to the 15th spot on CoinGecko's market capitalization list.

 

A survey by NFT Evening revealed that 42% of TRUMP token buyers were first-time crypto investors. The launch sparked debates among industry experts and lawmakers. Consensys attorney Bill Hughes viewed it as a positive sign for crypto regulations, while Attorney David Lesperance criticized it as a violation of the Foreign Emoluments Clause.

 

Democrat Senator Elizabeth Warren called for an investigation, citing potential foreign influence. In response, crypto czar David Sacks compared the TRUMP token to a baseball card, asserting it posed no conflict of interest.

 

Michael Saylor Continues Bitcoin Accumulation with 12th Weekly Tracker Post

Coinbase, Cryptocurrencies, Brian Armstrong, MicroStrategy, Michael Saylor

MicroStrategy’s Bitcoin purchases. Source: SaylorTracker

 

MicroStrategy co-founder Michael Saylor maintains his streak of posting the Bitcoin tracker for the 12th consecutive week. Typically shared on Sundays, these updates precede his company's Bitcoin purchases the following day.

 

Saylor addressed his 4 million followers on X, stating, "Don't stop thinking about tomorrow." MicroStrategy's latest acquisition added 11,000 BTC on January 21, bringing their total holdings to 461,000 BTC valued at approximately $48.4 billion. Over time, MicroStrategy's Bitcoin investment has appreciated by roughly 65%.

 

Read more: MicroStrategy Buys More Bitcoin with $1.1B, Pushing Holdings to 461K BTC

 

Virtuals Protocol Expands to Solana, Establishes Strategic SOL Reserve

Source: KuCoin

 

Virtuals Protocol, an AI agent platform, announced its expansion to the Solana ecosystem. Moving beyond its base on Ethereum's layer-2 network, Virtuals aims to drive innovation across multiple blockchains. Solana's speed and scalability make it an ideal choice for Virtuals' growth plans.

 

The expansion includes establishing a Strategic Solana reserve, where 1% of trading fees convert to SOL. This reserve supports and rewards agents and creators within the ecosystem, enhancing Virtuals' operational capabilities and community incentives.

 

Conclusion

January 2025 has underscored the dynamic nature of the crypto market. Jupiter's aggressive token buyback strategy, Pump.fun's revenue achievements, Michael Saylor's steadfast Bitcoin investments, Virtuals Protocol's strategic expansion, and the contentious launch of the TRUMP memecoin highlight the sector's rapid evolution. As these developments unfold, staying informed is crucial for navigating the ever-changing crypto landscape.

Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information. Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.
More related topics
2