Jupiter (JUP), the altcoin that has been making significant strides in the crypto market has been a point of constant news chatter. There was a whirlpool of events surrounding it ranging from
price predictions to
market performance and
acquisitions. Considered stable by the market, Jupiter has introduced a bold buyback offer of 50% of fees and even burned 3 billion tokens, which drove its price up 40%. They have been gearing up their operations in the Solana ecosystem and attracting new investments. The wild ride included an impressive 40% spike supported by the founder's declaration that 50% of fees will be directed to the token buybacks, thereby indicating a buyback plan of over $100M annually. The altcoin experienced a mixed performance amidst the market recovery, but it bounced back 65% teasing a breakout after a significant acquisition. The exciting move was the announced airdrop of $612M in JUP tokens fetching expansions and Bitcoin tailwinds. Expansion moves such as acquiring majority stakes in meme coin apps and unveiling the Burn and Buyback have fortified Jupiter's position in the crypto market.
However, Jupiter has also seen some lows. It struggled to recover after a 20% price drop, and its trading volume declined by $1 billion ahead of its 'Jupuary' airdrop, which expectedly caused a dip in price. This altcoin built on Solana has also witnessed volatility and market fluctuation due to an assortment of reasons, including its decision to rotate the meme coin market and multiple launches and partnerships. Jupiter also plans to issue a significant airdrop, fueled by the Solana Airdrop claim. Its future looks promising, with a long-term gain projection in 2025, with the potential of hitting $5 by its end. Also, it recently announced an acquisition of the Moonshot platform, further strengthening its hold in the meme coin trading world.
JUP Coin News Analytics from Mon, 29 Jan 2024 13:17:16 GMT to Wed, 09 Jul 2025 11:22:02 GMT -
Rating 4
- Innovation 7
- Information 7
- Rumor 6
