Solana-based decentralized exchange aggregator Jupiter has acquired a majority stake in Moonshot, a popular app enabling users to purchase memecoins using Apple Pay. The announcement was made by Jupiter’s pseudonymous founder, Meow, on X, where he praised Moonshot’s team as “smart and driven.”

Moonshot gained widespread attention after launching Donald Trump’s Official Trump (TRUMP) memecoin on January 18. This event propelled the app to the top of the US App Store’s finance category within a day, recording an impressive $400 million in trading volume during TRUMP’s debut. By January 20, Moonshot boasted 1 million daily active users. The app, launched in July 2024, operates as a self-custodial platform powered by TurnkeyHQ.

In another major move, Jupiter also acquired SonarWatch, a portfolio-tracking tool. SonarWatch’s standalone platform will be discontinued, with its features integrated into Jupiter’s ecosystem. Holders of SonarWatch’s native token, SONAR, can exchange them for Jupiter’s token, JUP, as part of the transition.

Jupiter further announced platform updates, including the beta release of "Ultra Mode," which automates critical features like real-time slippage estimation and optimized transaction handling. Upcoming tools like Jupiter Shield promise enhanced security, while Manual Mode upgrades provide users with more control through Routing and Broadcast options. New perpetual trading features, such as limit orders and one-click trading, have also been introduced.

With these developments, Jupiter solidifies its position as a frontrunner in the Solana ecosystem, combining strategic acquisitions with user-focused innovation.