Why did the price of JUP go up?

Jupiter (JUP) increased by 5.62% in the past 24 hours, outperforming the overall crypto market, which rose by 2.39%. This growth is part of a larger 15.13% weekly gain, fueled by ecosystem expansion and positive technical signals. Key reasons include:

1. Launch of Lending Protocol – The private beta of Jupiter Lend, offering loans up to 90% of asset value, went live on August 6, boosting demand in decentralized finance (DeFi).
2. Strength in Solana’s Ecosystem – Increased investment in Solana’s DeFi space (with $12 billion in total value locked) benefits Jupiter’s position as a leading aggregator.
3. Technical Breakthrough – Jupiter’s price surpassed a key resistance level at $0.544, indicating strong upward momentum.

Deep Dive

1. Product Developments Driving Growth

Overview: On August 6, Jupiter launched the private beta of Jupiter Lend, which offers loans with up to 95% loan-to-value (LTV) ratios and a 1% penalty on liquidations. This follows recent updates like integrating tokenized pre-IPO stocks through PreStocksFi and improved APIs for institutional traders.

What this means: Higher LTV loans encourage more leveraged trading, which increases fees collected by the protocol. Half of these fees are used to buy back JUP tokens, creating a cycle that supports demand. The partnership with PreStocksFi also broadens Jupiter’s appeal beyond traditional crypto assets, attracting more users.

What to watch: The public release of Jupiter Lend’s Multiply vaults expected in late August and growth in total value locked (TVL), currently at $1.53 billion.

2. Positive Trends in Solana DeFi

Overview: Solana’s DeFi sector has grown to $12 billion in TVL, a 23% increase month-over-month. Jupiter handled $142 billion in trading volume during Q2. The Altcoin Season Index, which tracks altcoin performance, jumped 30.77% in one week, favoring tokens like JUP with strong utility.

What this means: As Solana’s leading decentralized exchange (DEX) aggregator, Jupiter benefits from both retail meme coin trading and institutional investments. JUP’s 24-hour trading volume surged 66.37% to $83.2 million, showing strong organic demand.

3. Technical Analysis Highlights

Overview: Jupiter’s price moved above its 30-day simple moving average ($0.5049) and the 23.6% Fibonacci retracement level ($0.544). The MACD indicator turned positive, and the Relative Strength Index (RSI) is at 59.27, suggesting bullish momentum without being overbought.

What this means: The $0.544 price level now acts as support. If the price closes above $0.571 (recent swing high), it could aim for $0.603. However, with a 24-hour turnover ratio of 4.75%, liquidity is relatively low, so sudden price swings are possible, especially if Bitcoin weakens.

Conclusion

Jupiter’s recent price increase reflects successful product launches, growth in Solana’s DeFi ecosystem, and strong technical signals. Although the upcoming unlock of 53.47 million JUP tokens on August 28 (worth about $30 million at current prices) could lead to selling pressure, increased fee revenue from new services might balance this out.

What to watch: Whether the public launch of Jupiter Lend can maintain fee-driven token buybacks or if investors will take profits before the token unlock. Keep an eye on JUP’s ability to stay above $0.544 and the overall trends in Solana’s TVL.

What could affect the price of JUP?

Jupiter’s price outlook depends on Solana’s decentralized finance (DeFi) growth and risks from new tokens entering the market.

1. Jupiter Lend Launch (Positive) – Offering loans with high borrowing limits could increase fees and token buybacks.
2. Token Unlocks (Negative) – $32 million worth of JUP tokens will be released between July and August, which might lead to selling pressure.
3. Solana Ecosystem (Mixed) – Growing total value locked (TVL) supports trading activity, but meme coins dominating fees could divert attention and funds.

Deep Dive

1. Jupiter Lend Launch (Positive Impact)

Overview:
In August 2025, Jupiter Lend will launch publicly, allowing users to borrow up to 95% of their collateral value—the highest borrowing limit in Solana’s DeFi space. Early testing showed $150 million in USDC loans, with half of the platform’s fees used to buy back JUP tokens.

What this means:
If many users take loans, Jupiter could generate steady buybacks of its tokens, helping to balance out inflation caused by token rewards and grants. Success depends on attracting users from competitors like Kamino, which currently manages $2.67 billion in assets, by leveraging Jupiter’s existing base of over 80,000 daily swap users.

2. Token Unlock Overhang (Negative Impact)

Overview:
On July 28, 2025, 1.28% of the total JUP supply—about $32 million—will become available for trading. A similar unlock in March caused the token price to drop 19%. Jupiter’s Active Staking Rewards program recycles unclaimed tokens instead of destroying them, which adds to circulating supply.

What this means:
Token holders who stake JUP need to earn 50% more tokens yearly just to keep up with dilution (Tokenomist). Historically, token unlocks have led to price drops, but the recent $32 million unlock saw 42% absorbed without a major crash.

3. Solana’s DeFi Trajectory (Mixed Impact)

Overview:
Solana’s total value locked (TVL) reached $12 billion, growing 23% month-over-month. Meme coins account for 62% of network fees, with platforms like Pump.fun leading meme trading, which competes with Jupiter’s market share.

What this means:
JUP benefits from swap fees generated on the network but faces competition for speculative investments. Events like approval of a Solana exchange-traded fund (ETF) or a major security breach could significantly affect JUP’s price because of its role as an aggregator.

Conclusion

JUP’s medium-term prospects depend on balancing Solana’s ecosystem growth with the challenges of token inflation. The success of Jupiter Lend in driving buybacks will be key. Traders should watch if buybacks from lending fees in Q3 can outpace selling from token unlocks.

Will growth in Jupiter’s validator nodes and lending revenue help close its governance credibility gap?

What are people saying about JUP?

The Jupiter (JUP) community is divided between optimism about Solana’s growing DeFi presence and concerns over upcoming token unlocks. Here’s what’s trending:

1. Positive momentum – Jupiter Lend’s new loans with 90% loan-to-value (LTV) ratio are encouraging investors
2. Price battle – Traders are watching closely to see if JUP breaks above $0.63 or falls back to $0.51 support
3. Governance pause – The DAO voting is on hold until 2026, raising some questions

Deep Dive

1. @JupiterExchange: Validator growth & lending launch signal optimism

"Jupiter became Solana’s 7th-largest validator, with $142 billion in trading volume in Q2. Jupiter Lend’s 90% LTV loans are launching this summer."
– @JupiterExchange (1.2M followers · 3.8M impressions · 2025-08-02 18:59 UTC)
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What this means: Becoming a top validator strengthens Jupiter’s role in the Solana network. Plus, the new lending feature could attract over $150 million in borrowing demand within decentralized finance (DeFi).

2. @ali_charts: $0.63 resistance level creates uncertainty

"JUP is at a critical point near $0.63 – closing above this could push the price to $0.76, but failing might drop it to $0.39."
– @ali_charts (480K followers · 2.1M impressions · 2025-07-29 08:47 UTC)
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What this means: The technical indicators show the price is in a tight range. The 14-day Relative Strength Index (RSI) at 56.42 suggests there’s room for the price to move either up or down.

3. DeFiSkeptic: Token unlocks and governance pause raise caution

"On July 28, 1.28% of the token supply ($32 million) was unlocked, and DAO voting is paused until 2026 – this feels like a slow dilution of value."
– Reddit user (12K karma · 850 upvotes · 2025-07-28 04:59 UTC)
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What this means: Although 42% of the unlocked tokens were absorbed without causing a price drop, the ongoing increase in token supply could still put downward pressure on the price over time.

Conclusion

Overall, the outlook on Jupiter (JUP) is cautiously optimistic. The growth of Solana’s DeFi ecosystem and Jupiter Lend’s high-LTV loans could boost revenue (which reached $82.4 million in Q2). However, the paused governance and the large token unlock on July 28 require close attention. A key test will be whether JUP can maintain support at $0.51 after the unlock, which will indicate if the bullish trend can hold.

What is the latest news about JUP?

Jupiter is growing its product offerings while managing token releases. Here’s the latest update:

1. Token Unlock Impact (August 28, 2025) – $27.5 million worth of JUP tokens were unlocked, putting market stability to the test.
2. API & Security Improvements (August 8, 2025) – Version 4 of token verification cut fake tokens by 40%.
3. Coinbase Liquidity Boost (August 13, 2025) – Integration of USDC aims to increase decentralized finance (DeFi) liquidity.

In-Depth Look

1. Token Unlock Tests Market Stability (August 28, 2025)

Summary:
On August 28, Jupiter released 53.47 million JUP tokens (valued at $27.54 million) as part of its regular monthly schedule. Of these, 38.89 million went to team wallets, and 14.58 million to Mercurial stakeholders. Despite this large release, the price of JUP remained stable, with 42% of the new tokens absorbed by the market without causing big price swings.

What this means:
This is a neutral sign for JUP. Token unlocks often lead to selling pressure, but strong demand driven by Solana’s growing DeFi ecosystem (with a total value locked of $10.26 billion) helped balance out the potential negative effects. Keep an eye on token movements to exchanges, which could indicate if holders are cashing out.
(MEXC News)

2. Security & Scalability Upgrades (August 8, 2025)

Summary:
Jupiter launched three key updates:

• Token Verification v4: This new version reduced fake token listings by about 40% through stricter checks.
• API Overhaul: Introduced tiered access for institutional users, improving system reliability.
• Developer Tokens Tab: Added a feature to identify wallets involved in scams (rug pulls).

What this means:
This is positive news for JUP. Better security can attract more everyday traders and reduce regulatory concerns. The improved API also makes Jupiter more appealing to larger, professional investors.
(CoinMarketCap Community)

3. Coinbase Partnership for DeFi Liquidity (August 13, 2025)

Summary:
Coinbase restarted its Stablecoin Bootstrap Fund, adding USDC and EURC stablecoins to Jupiter’s liquidity pools on the Solana blockchain. This helps lower slippage (price changes during trades) and supports new DeFi projects.

What this means:
This is a strong positive for JUP. More USDC liquidity can increase trading activity on Jupiter (which saw $142 billion in volume in Q2) and strengthen its role as the leading decentralized exchange (DEX) aggregator on Solana.
(CoinMarketCap)

Conclusion

Jupiter is advancing through important upgrades in security and APIs, along with strategic partnerships like Coinbase. However, token unlocks continue to challenge market stability. With Solana’s DeFi ecosystem growing, JUP’s role as a liquidity hub will be key to overcoming dilution risks. Watch upcoming data on protocol revenue and staking trends in Q3 for clearer insights.

What is expected in the development of JUP?

Jupiter’s roadmap is focused on growing its decentralized finance (DeFi) features and improving its ability to work across different blockchain networks.

1. Jupnet Testnet (Early Q4 2025) – Public testing of Solana’s cross-chain liquidity network begins.
2. Desktop Wallet Launch (Q4 2025) – A new desktop wallet for advanced trading and managing your portfolio.
3. Perps & JLP Expansion (2026) – Increasing options for derivatives trading and expanding liquidity pool partnerships.
4. Jupuary 2026 Airdrop (January 2026) – Annual event distributing tokens to the community.

Deep Dive

1. Jupnet Testnet (Early Q4 2025)

Overview: Jupnet is a network designed to connect different DeFi markets by allowing users to swap assets and share liquidity across multiple blockchains like Solana, Ethereum, and Cosmos. The public testnet will launch in early Q4 2025, giving developers a chance to try out cross-chain transactions.

What this means: This is positive for JUP because making it easier to move assets between blockchains could attract more users and projects, increasing demand for Jupiter’s services. However, there are risks like potential delays or competition from existing solutions such as Wormhole.

2. Desktop Wallet Launch (Q4 2025)

Overview: Jupiter will release a standalone desktop wallet featuring advanced tools like limit orders (setting specific prices to buy or sell), recurring swaps, and protection against certain transaction risks (MEV). This wallet will complement the existing mobile app, which has over 825,000 downloads (Jupiter Q2 Report).

What this means: In the short term, this may not impact JUP much, as success depends on how user-friendly and unique the wallet is. Over time, it could encourage users to stay within Jupiter’s ecosystem, especially if exclusive rewards like staking bonuses are offered.

3. Perps & JLP Expansion (2026)

Overview: Jupiter plans to grow its perpetuals trading volume (currently $61.2 billion per quarter) by adding new types of contracts like inverse contracts and exotic options. Its liquidity provider token, JLP (with a $1.53 billion market cap), will also be integrated with more decentralized exchanges (DEXs) to earn yields across blockchains.

What this means: This is good news for JUP if trading volumes increase, since half of the fees collected are used to buy back JUP tokens for the treasury. However, increased regulatory attention on leveraged trading could pose challenges.

4. Jupuary 2026 Airdrop (January 2026)

Overview: Jupiter’s yearly token giveaway will distribute about 700 million JUP tokens to users based on their activity in 2025. Last year’s airdrop helped increase active wallets by 60% (Messari Report).

What this means: In the short term, this could cause selling pressure as recipients claim their tokens, which might lower prices. But in the long run, it helps keep the community engaged and active.

Conclusion

Jupiter’s roadmap combines important technical improvements like Jupnet and the desktop wallet with growth strategies such as airdrops and expanding derivatives trading. The main question is whether the increased use of cross-chain features will outweigh the effects of new tokens entering the market. Will Jupnet’s testnet attract enough participants to compete with established players like LayerZero?

What updates are there in the JUP code base?

Jupiter made major improvements to its code and security in the third quarter of 2025.

1. Token Verification v4 (August 2025) – Cut fake token listings by 40% with tougher checks.
2. API Overhaul (June 2025) – Switched to new V3 API endpoints, separating free and paid access.
3. Trigger API Changes (March 2025) – Updated order execution paths and added tracking features.

Deep Dive

1. Token Verification v4 (August 2025)

Overview: Jupiter strengthened its token review process to better spot scam projects.

This update checks wallet activity across Jupiter’s platform to flag suspicious tokens. It also added real-time monitoring of token liquidity and requires third-party audits for tokens listed on the platform.

What this means: This is good news for Jupiter (JUP) because safer trading attracts more users and lowers regulatory risks. Traders are less likely to fall for scams, which builds trust in the platform.
(Source)

2. API Overhaul (June 2025)

Overview: Jupiter retired older APIs and introduced new V3 endpoints with better error detection.

Free users now access the API through "lite-api.jup.ag" with stricter limits, while paid users keep using "api.jup.ag." The new system also verifies transactions using Solana’s latest technology to ensure data accuracy.

What this means: This change is neutral for JUP. Big users benefit from improved reliability, but smaller developers may find the switch more complicated. If adoption is slow, it could affect liquidity on the platform.
(Source)

3. Trigger API Changes (March 2025)

Overview: Jupiter replaced old order paths with new ones that include a requestId for better tracking.

For example, the /createOrder endpoint now requires a requestId to link orders with their executions. Some response fields were renamed, which means older apps need updates to keep working.

What this means: This is neutral for JUP. The update improves order management but forces developers to update their code, which might slow down third-party app updates.
(Source)

Conclusion

Jupiter’s 2025 updates focus on improving security (Token Verification v4), scaling the platform (API tiers), and making order execution more precise (Trigger API). These changes strengthen Jupiter’s foundation but may cause some short-term challenges as developers adjust.

The key question is: How will developers adopting the new API affect Jupiter’s position as Solana’s main liquidity provider?