Jupiter Token (JUP) is making headlines, surging nearly 13% in just 24 hours to reach $0.8864, with a market capitalization of $1.19 billion and a trading volume of $183.2 million.
The jump in JUP price followed Jupiter exchange’s recent acquisition announcement. At the Solana Breakpoint event on Friday, co-founder Siong Ong revealed that Jupiter has acquired the blockchain explorer SolanaFM.
Additionally, Ong announced the acquisition of Coinhall, a top aggregator in the Cosmos ecosystem. Coinhall facilitates swaps across decentralized exchanges and boasts over 225,000 users across 23 different blockchains.
While specific terms of both deals were not disclosed, the excitement doesn’t stop there. Ong also introduced upcoming features, including Jupiter Mobile, a mobile app built in collaboration with MoonPay. This app will enable users to access services using Apple or Google Pay without incurring platform fees.
Another notable update is the upcoming launch of Ape.Pro, an enhanced version of its memecoin trading platform, allowing users to trade and mint memecoins directly from their mobile devices with social logins.
Lastly, Jupiter is set to roll out Metropolis, a new API platform that promises to streamline liquidity needs for developers by offering comprehensive token, price, and swap APIs in one place.
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