Jupiter soars, analysts back new crypto to rally
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JUP, the native token of Jupiter, a decentralized exchange on Solana, has generated over $1.3 billion in trading volume on launch day.
The exchange was already well established. However, it announced that it would airdrop JUP to users who had traded over $1,000 on the exchange by Nov. 2, 2023.
Jupiter momentarily flipped Uniswap’s 24-hour trading volume, per Coingecko data.
Currently, Jupiter controls a 25.9% market share of total DEX trading volume.
In the lead-up to the token launch, Solana’s TVL rose. At the same time, stablecoin issuance spiked.
Leading centralized exchanges were quick to list JUP, some of the most notable being Binance, OKX, and Bybit.
Currently trading at $0.56, JUP initially rose to $2.04, according to CoinMarketCap data.
Dune Analytics data shows that over 423K wallets have claimed JUP. Out of this, 69.4% have sold their holdings.
Meme Kombat raises $7.8 million in presale
Meme Kombat blends crypto gambling and meme coins.
The project lets users bet on AI-generated battles between meme coin characters using MK.
Numerous game modes are available, including multiplayer and side betting.
The platform has an augmented battle arena for users can watch the fights up close.
This twist on crypto gambling resonates closely with crypto culture, integrating meme coins and gamified graphics for a more “web3 style” experience.
However, Meme Kombat also ensures a market-leading user experience, leveraging traditional odds mechanics for more fair and realistic gameplay.
The project also offers a staking mechanism, currently providing a 119% APY.
But this staking yield will decrease as the staking pool grows, so those looking to maximize their holdings should not wait around.
Over 80% of MK tokens are already stake.
Meme Kombat’s team is public. At the same time, the platform’s smart contracts have been audited by a third party.
So far, the project has raised over $7.8 million, approaching its $10 million hard cap, in the ongoing presale.
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