Key Points:
Jupiter, a trading aggregator for the Solana ecosystem, announced a new meme coin trading platform called Ape. The product’s aim was wallet security with vaults, letting users trade after depositing SOL to the wallet and using that wallet’s belongings to trade on APE.
Some main characteristics of Apes include token findings and dynamic slippage settings. In its Alpha phase, Ape currently does this with a promotional fee of 0.069%.
Jupiter highlights that Ape centres around a secure vault whose keys exist only in the user’s wallet. After depositing SOL, trades are automatically optimized by dynamically setting slippage and retrying transactions if needed. The team added that Ape’s promotional fee during the Alpha period is 0.069%.
Ape is developed and optimized continuously; future updates include but are not limited to, P&L Tracking and History for ongoing changes in views on meme coin performance.
Previously, Jupiter launched another meme coin called WEN through its launchpad in January. The developer has then released more details on this token.
Readmore: Solana Liquid Staking Sees Explosive Growth QOQ: Analysis
Another meme coin, Dogwifhat, in the Solana ecosystem is down 57% from its all-time high on March 25, 2024. While eventually volatile, meme coins can stir hype for a while and have hundreds of millions of dollars flooded into crypto communities through airdrops.
According to the statement, Ape aims to provide the world with a safe and friendly experience trading meme coins powered by Jupiter’s expertise in decentralized finance and the fast-rising Solana blockchain.
DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing. |
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