Solana's Jupiter has partnered with
Ethena Labs to develop the
JupUSD Stablecoin, aiming to expand Solana's stablecoin market. This action has been marked with a conversion of
$750 Million USDC into JupUSD. The development and launch of
JupUSD is a significant stride in the cryptocurrency market, as it has stirred varied reactions among investors.
Jupiter, the Solana DeFi Exchange, has been experiencing a surge in price, as it continues to defy the impending pressure of a $32M token unlock. Positive movements such as the proposed allocation of 50% of fees to token buybacks, the launch of
Jupiter Send, and the surging interaction with
Solana's Network Revenue seem to fuel optimism about the coin's future. Meanwhile, the
Jupiter Exchange is also under criticism due to an NPM attack and the consequent price speculation.
Jupiter has embarked on a couple of partnerships, notably acquiring a majority stake in Moonshot and integrating SonarWatch. All these activities contribute significantly to the general interest in
Jupiter. Despite the ups and downs, stakeholders hold a fervent hope for long-term gains, especially as Jupiter continues to unveil new lending protocols. Nonetheless, while some analysts predict a 100% spike for
Jupiter DEX on Solana, others express skepticism and project a potential price drop, following the recent decline in volume. It is also important to note the increased security measures following a social media hack.
Jupiter Coin News Analytics from Mon, 02 Dec 2024 13:43:25 GMT to Wed, 08 Oct 2025 20:18:47 GMT -
Rating 8
- Innovation -2
- Information 6
- Rumor 7
