🚨 Today we’re officially announcing the TGE of $CARDS! 🚨
🕓 Pre-sale begins 16:00 UTC | Aug 27, 2025
⚡️ Powered by @metaplex Genesis
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Hi, I’m meow from Jupiter, and I also cofounded Meteora.
Firstly, I’d like to reiterate my confidence that no one at Jupiter or Meteora committed any insider trading or financial wrongdoing, or received any tokens inappropriately.
Secondly, we are hiring an independent 3rd party (Fenwick & West, one of the most reputable law firms in the world) to investigate and issue an report which they will publish independently.
Thirdly, I stand by Ben and his statement. I believe him when he says there was no financial inappropriateness in dealing with partners.
Meteora has been operating as a separate entity from Jupiter for over a year now and Ben has been running it without my significant involvement. He has done a great job building up the team, the most innovative DEX in the past year and the most active LP community in the world.
While I am 100% confident about Ben’s character, as a project lead he has also shown a lack of judgement and care about some of the core aspects of the project (given its current size and reputation) over the past couple of months.
And this is unfortunately unacceptable. Ben understands this, and has chosen to resign. Going forward, we will be looking for new leadership for Meteora.
Ben has been an extremely helpful and kind participant in the ecosystem for a while now, as many people can attest. I ask everyone not jump to conclusions and be as kind to him as possible as he seeks to clear his name.
> JUP, Jupiter, Me
JUP has been the gold standard when it comes to token transparency. We are the only major protocol to ever account for every token over the course of 3 audits. We have never sold tokens OTC and every single major token use is carefully documented and planned in our audits. Token integrity is key to us since the very first day.
Secondly, Jupiter is one of the most non-extractive players in the ecosystem. We have allowed users to swap tens of billions for free and our partners to make hundreds of millions of dollars in fees with minimal take on our end.
Over the last year our perpetuals fees are transparently documented, reported along with the two best audit partners in the space. Even our recent Ultra Mode is the first time we are charging users for swaps, and at 0.05%-0.1%, it’s 10x-20x lower than other main platforms.
Vast majority of fees are kept on Solana and invested in jupSOL/JLP and stay within the ecosystem, other than amounts used to fund talent acquisition and operating expenses.
On my end, I have not sold a single JUP, nor do I regularly trade memecoins. I have been offered free tokens many times for marketing, and I’ve always rejected every single one. I diamond hand most of the tokens that I received from investment / advisory in the past prior to Jupiter.
> Watershed Moment For Crypto
I would like to apologize for the recent stress caused to the team, the community & the ecosystem as a whole.
Even though we hold very high standards for ourselves for token integrity at Jupiter, I want to apologize that we haven’t held other projects in the space to the same standard.
This is a watershed moment for our industry and it’s very very obvious to me now that the way to grow the industry is not simply via more tokens but to have projects that have the same level of token certainty, long-term alignment, and extreme transparency like we practice with JUP.
One of my main goals will be to create permissionless products, operating systems, and ethical standards that I believe can form the new foundation of crypto moving forward.
1. Making https://t.co/cI8DhJdMts the best decentralized platform
2. Building Jupnet as the network to connect everything
3. Driving the certainty, alignment and transparency standards for our industry
I’m not perfect and I’ve learnt a lot of crucial lesson. I hope to take the lessons from this and the robust systems we have built for JUP to define the next major phase of our industry - growing up.
🐱
accumulating USDC for the JUP buybacks has officially started.
actual buying activity will begin later after we check in with the community on the best way to handle the process.
stay tuned for a JUP Rally later this week with more details about that + meow's 2030 vote!
The OG Room welcomes our first ꧁OG GUESTS꧂: @MadLads!
The community of Mad Lads are invited for their consistent support of Story, highlighted by our event with Backpack, their enthusiasm for the OG Room, and their shared commitment to advancing Web3 technology.
Who’s next?
Over the past week, we’ve worked with the @WEAREM3M3_ team on an ambitious plan to build crypto’s greatest PPP (Player-Pump-Player) community for memecoins. So, I’m excited to announce that Meteora will accept their 25% grant and welcome $M3M3 as the official memecoin of Meteora.
M3M3 is not a launchpad. It is a PPP community — an environment where everyone can win.
And, we will build the largest community of pumpers to support great projects that launch on the M3M3 platform.
To do this, we plan to allocate the 25% grant as follows:
* 15% will go towards the growth of the M3M3 platform and its community.
* 5% will go to the LP Army to rally them to LP new M3M3 launches and educate holders on how to LP out their airdrops on the DLMM.
* 5% we would like to offer to the JUP DAO on behalf of JUP stakers. The JUP DAO is the largest in crypto and are active stakers who have proven themselves as PPP supporters of token launches. With their numbers we will receive a massive boost in our community.
By rallying existing $M3M3 holders, Meteora’s LP Army, and JUP stakers we will have the greatest community support system for new tokens on M3M3. New memecoins will now have a powerful bootstrapping mechanism with both the M3M3 staking platform and the community.
This will become the logical home for launching any project that cares about having the right community.
As part of this plan, I will take on growing the M3M3 community. Our community will embody the spirit of PPP — the (3,3) way.
We will build out a home and the tools for degens to pump great projects they are excited about, and we will teach them to take profit sustainably without negatively affecting the project. It will be a unique home where community culture meets DLMM expertise to create sustainable growth potential for memecoins who choose M3M3.
Jeeters and PvPers look out, we are coming.
New $PENGU utility just dropped 🔥
For just 42.69 PENGU, you can win a @ocapgames Pudgy TCG RWA Booster Box 🎴
All NFT's are redeemable 1:1 for their IRL counterpart ✉️
Come check it out 👇
🔗 https://t.co/CmXBnUOalO
Vibes Online PvP ranked play (the @pudgypenguins TCG) launches tomorrow. Prize support for the first year of organized play is powered by $pengu
Right now you can open packs, build decks and test against AI to get ready for Ranked season 0.
More details soon.
M3M3 != MET
Really appreciate all the energy around our M3M3 announcement and want to apologize for any misunderstandings we caused, but, M3M3 is not about MET.
There will be no surprises with MET as we will work on that together as a community.
I will share more about MET and TGE in our upcoming state of the union spaces which has been delayed until after M3M3.