Jupiter, a perpetual exchange network based in Solana, saw the value of its native token increase by over 25 percent as traders responded to major announcements.
When writing, Jupiter (JUPAfter a day-long tumbling, ) reached an intraday peak of $1.25. JUP was the largest gainer in today’s rally, with a total market value of more than $2.03 billion.
In a trading environment with high volumes, the exchange’s native coin has produced back-to-back emerald candles. At its inaugural event Catstanbul2025, major updates to its ecosystem were also announced.
What is the JUP?
Jupiter burnt 3 billion JUP Tokens during the event that took place over the weekend. At current prices, these tokens are worth approximately $3.6 Billion. Burnt tokens make up 30% of the entire supply.
Meow was the founder, albeit under a pseudonym, of the Exchange. announced The platform will use half of its fees to buy JUPs back and place them into a long-term reserves.
You can also find out more about the following: mechanisms Reducing the supply of tokens can create scarcity and increase their value.
You can also find out more about Other announcements Investors were interested in the expansion plans of its Jupnet omnichain, which aggregates liquidities from multiple blockchains to create a decentralized ledger. JUP will play an important role in Jupnet and enhance its utility.
The recent JUP rally was also supported by the growing importance of JUP in defi. The total volume locked The value of the Protocol has risen steadily over the last week, and is now up 21% from Jan. 14, to 2,87 billion dollars at the time of publication.
The volume of its defi trades has increased from $415,000,000 on January 24th to $1.48 Billion on Monday. This reflects an increase in investor interest.
Altcoins have also been the most popular tokens by smart money In the past 24 hours. (See Below)
According to CoinGlass data, the demand from derivative traders also increased over the last couple of days. Yesterday, open interest on JUP’s Futures Market reached its highest level of $363.92 millions.
JUP pricing analysis
JUP is above its 50-day MA. Its 200-day MA has also remained unchanged. However, the shorter MA could cross the longer MA to form a gold cross. This crossover could indicate a continued uptrend with the bulls taking control.
When writing, the MACD lines and price oscillator also pointed up. It means the pressure to buy the altcoin has increased, and could fuel the current rally.
These indicators suggest that JUP may continue to rally and retest its high point of $1.41 from last December. If this price is broken, it could lead to a surge towards its highest level of $2. This would represent a 40% rise from the current level.
JUP coin was valued at $1.18 as of press time.
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Source: crypto.news
