Jupiter Changes Logo and Burns $3 Billion after X Account Hack

Jupiter ($JUP), one of Solana’s top DEX aggregators, has been making headlines, and not for good reasons. After its X account was hacked on February 6, the platform quietly changed its logo, sparking speculation. At the same time, founder Meow proposed locking up 280 million $JUP (worth over $204 million) until 2030, with a potential 220 million token bonus. This follows January’s massive burn of 3 billion tokens ($3.6 billion) to control inflation and boost scarcity.

The hack saw scammers pushing fake tokens like $MEOW and $DCOIN, draining over $20 million from traders before Jupiter regained control. The team warned users to avoid scam links, but the damage was done. The sudden logo change seemed like a way to signal security was restored, though no official explanation was given.

Despite the chaos, Jupiter remains strong with $2.5 billion in Total Value Locked (TVL). Meow’s lockup plan aims to build trust, but the security lapse and bonus proposal have sparked debate. Whether Jupiter bounces back or faces more scrutiny depends on how the community reacts next.