Hyperstition #43 — July 4, 2025
Jupiter joins launchpad wars, TradFi-themed memecoins proliferate, and more.
Solana DEX-aggregator Jupiter joins launchpad wars
Jupiter, a Solana DEX-aggregator, has launched a new meme coin creation platform, joining a growing field of competitors seeking to challenge Pump.fun’s dominance in onchain token launches.
The product, dubbed Jup Studio, went live on July 2 and has hosted more than 7,500 tokens in the past 24 hours. That’s nearly half of Pump.fun’s output over the same period, according to Dune Analytics data.
The launch makes Jupiter the second new launchpad to enter the fray this week.
On June 27, Moonshot debuted its own memecoin launchpad, Moonshot Create, which saw immediate success with several 7- and 8-figure tokens and briefly captured more than 30% of daily new token launches.
But while Moonshot is positioning itself as a normie-friendly, mobile-first launchpad for first-time traders, Jupiter is targeting advanced users.
Jup Studio’s pitch centers on highly customizable launch parameters, including flexible team vesting mechanics and custom bonding curves that determine how and when new tokens graduate to Meteora, a decentralized exchange (DEX).
On Pump.fun, creators must purchase their own tokens on the open market—either via the dev wallet at launch or by competing with public buyers. Jupiter Studio allows devs to pre-allocate tokens to specific wallets, mimicking team or treasury allocations typical of traditional ICOs.
Similarly, while Pump.fun and Moonshot require tokens to reach a market cap threshold to graduate from bonding to open trading—around $60,000 and $1 million, respectively—Jupiter allows creators to set their own graduation points.
They range from as low as $1,000 to $3,000 to as high as $1 million to $5 million, according to Jup Studio app.
Intensifying race
The move signals an intensifying race among Solana-native launchpads to segment the memecoin creation market.
Pump.fun rival LetsBonk has maintained a more than 10% market share by leveraging its ties to the BONK memecoin community. Believe, a platform designed for startups, continues to focus on utility tokens with longer-term roadmaps.
Pump.fun, once the near-monopolistic player in the space, still leads with a roughly 70% market share. But the surge in alternative platforms is reshaping the launchpad landscape.
Jup Studio coins
Jupiter’s most visible new coin, Uranus (URANUS), a tongue-in-cheek riff on the protocol’s planetary theme, has emerged as the default mascot token, currently trading near a $14 million market cap.
Other Jupiter-launched tokens have already broken into the 7-figure range, including MacroStrategy (MSTR2) and KIRBY (KIRBY), both of which trade at roughly $2 million as of late evening July 4, per DexScreener.
Whether Jupiter can sustain its momentum remains to be seen. Launchpad churn is high—projects like Boop saw early surges only to fade after the initial hype cycle.
But if Jupiter can carve out a loyal creator base with its feature-rich UX, it could become a lasting pillar in Solana’s evolving Internet Capital Markets.
In Other News…
TradFi-themed memes proliferate
The rollout of tokenized stock products by major exchanges has helped drive a surge in meme tokens loosely themed around traditional finance.
Recent launches by Robinhood (on Arbitrum), Kraken, and Bybit have brought equities like Nvidia, Meta, and Coinbase onchain. DeFi platforms including Jupiter, Raydium, and Kamino are integrating these assets into Solana’s trading stack.
The result has been a wave of meme tokens like stockcoin (stockcoin), 401k (401K), and Solana Index Fund (SIF).
This week, two more standouts joined the fray: Dog In Vest (INVEST) and Blue Chip (BlueChip). The investment-themed tokens, both touted by influencers such as Trader Pow, clock market caps of approximately $4 million and $8 million, respectively.
By The Numbers
