Jupiter Exchange

2021-10-01

Jupiter Exchange founded on Solana by Meow and Siong Ong as a DEX aggregator routing trades across Solana liquidity venues.

2022-11-01

FTX collapses. Mercurial Finance, co-founded by Meow, is revealed to have had token IEO and market-making relationships with FTX and Alameda Research.

2022-12-23

Mercurial Finance announces relaunch as Meteora; team pivots focus to Jupiter and Meteora going forward.

2024-01-31

Jupiter launches JUP governance token via first Jupuary airdrop; approximately 1 billion JUP distributed to 955,000 wallets, valued at roughly $700 million at time of distribution.

2024-03-01

Jupiter DAO backlash over $7 million team salary proposal and Meow's proposal to exchange personal vested tokens for a community reserve bonus for new hires.

2024-07-01

Jupiter's meme coin CAT framework draws criticism after debut partnership with Irene Zhao, whom ZachXBT alleged had previously acted against investor interests in prior projects.

2024-11-30

Co-founder Meow posts racial slur on X in response to a memecoin verification inquiry; initially refuses to apologize, citing intent. JUP drops approximately 7.7% in 24 hours. Meow subsequently issues formal apology.

2025-01-22

Second Jupuary airdrop (Jupuary 2025) distributes 700 million JUP to approximately 2 million eligible wallets, valued at approximately $616 million.

2025-01-27

At Catstanbul conference, Jupiter announces majority stake acquisition in Moonshot and acquisition of SonarWatch portfolio tracker, alongside 3 billion JUP token burn and 50% fee buyback program. CoinDesk reports community concerns about Solana ecosystem monopolization.

2025-02-06

Jupiter's official X account is hacked; attackers promote fake memecoins $MEOW and $DCOIN. $MEOW surpasses $20 million market cap before liquidity is drained. JUP drops 12%. Jupiter regains account control within hours and confirms treasury funds secure.

2025-02-14

Argentine President Javier Milei endorses $LIBRA memecoin on X; token collapses in alleged $251 million rug pull. Jupiter discloses it had advance knowledge of the launch from Kelsier Ventures but found no evidence of employee sniping.

2025-02-17

Jupiter commences JUP token buyback program, using 50% of protocol fees to repurchase and lock tokens for three years.

2025-06-20

Jupiter formally pauses all DAO governance voting through end of 2025, citing 'breakdown in trust' and unsustainable governance dynamics driven by team voting power concentration.

2025-08-01

Jupiter Lend launches; reaches $1 billion in supplied assets within eight days, the fastest TVL growth of any Solana lending protocol.

2025-12-01

Jupiter Lend's 'zero contagion risk' marketing claims are revealed to be inaccurate; COO Kash Dhanda acknowledges the claim was 'not 100% correct,' confirming the protocol uses rehypothecation. Jupiter deletes original posts and amends disclosures. Competitor Kamino Finance blocks Jupiter's migration tool.

2026-01-01

Jupiter's Q4 2025 ASR reward claim process requires users to import seed phrases into Jupiter's native wallet, drawing community backlash over security risks and self-custody violations. Jupiter announces an alternative claim method will be developed.

2026-02-01

Jupiter DAO passes 'Net-Zero Emissions' proposal with approximately 75% support, indefinitely postponing the Jupuary 2026 airdrop and halting new JUP emissions, while team vesting from Mercurial agreements continues.