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Why did the price of JUP go up?

Jupiter (JUP) increased by 0.75% in the past 24 hours, outperforming the broader crypto market, which gained about 0.2%. This rise coincides with major product launches at Solana Breakpoint 2025 and technical signals suggesting the coin was oversold.

  1. Breakpoint Announcements (Positive Outlook)
    The launch of the new JupUSD stablecoin and upgrades to DeFi features boosted confidence.
  2. Technical Rebound (Mixed Signals)
    Oversold conditions triggered some short-term buying activity.
  3. Ecosystem Growth (Positive Outlook)
    Increased institutional interest in Solana benefits Jupiter as well.

Deep Dive

1. Breakpoint Product Launches (Positive Outlook)

Overview:
At Solana Breakpoint 2025 (December 11-13), Jupiter introduced six major updates. These include the upcoming launch of the JupUSD stablecoin and the full release of Jupiter Lend, which now manages $1 billion in assets. Additionally, a $1 million rewards program aims to encourage more trading.

What this means:

What to watch:
How quickly JupUSD gains users after launch and whether it can capture a meaningful share of the stablecoin market on Solana, currently dominated by USDC and USDT.

2. Technical Rebound (Mixed Signals)

Overview:
JUP’s Relative Strength Index (RSI) values over 7 and 14 days are still low (28.07 and 31.11 respectively), indicating oversold conditions despite the recent price bounce. The MACD indicator has turned positive for the first time in weeks.

What this means:

3. Solana Ecosystem Tailwinds (Positive Outlook)

Overview:
Solana’s Breakpoint event highlighted growing institutional adoption, including Western Union’s plans for a stablecoin in 2026 and Pfizer’s integration of Solana-based payments. There are also over $1 billion in physically-backed SOL ETFs.

What this means:

Conclusion

Jupiter’s modest 24-hour gain reflects positive sentiment around its growing DeFi features and Solana’s increasing institutional adoption. However, weak trading volume and broader market weakness (a 34% drop over 30 days) limit further upside.

Key point to watch: Will the launch of JupUSD between December 17 and 20 drive sustained demand? Or will the unlocking of 62% of JUP’s circulating supply by 2026 keep price rallies in check? Keep an eye on the $0.20 support level for signs of trend direction.

{{technical_analysis_coin_candle_chart}}


What could affect the price of JUP?

Jupiter (JUP) is caught between the growing momentum of Solana’s decentralized finance (DeFi) ecosystem and some internal challenges related to its token supply.

  1. JupUSD Stablecoin Launch – Opens new revenue opportunities but may face regulatory hurdles
  2. Solana Ecosystem Growth – A 33% yearly increase in total value locked (TVL) could boost demand for JUP
  3. Token Unlocks & Governance – A 1.28% increase in token supply in July 2025 could dilute existing holders

Deep Dive

1. JupUSD Integration & Product Expansion (Mixed Impact)

Overview:
Jupiter introduced its own stablecoin, JupUSD, at Solana Breakpoint 2025. This stablecoin is closely connected to Jupiter’s decentralized exchange (DEX), lending services, and prediction markets. Additionally, Jupiter open-sourced its lending platform, Jupiter Lend, which quickly reached $1 billion in deposits within just 8 days. To encourage trading, a $1 million incentive program has been launched.

What this means:

2. Solana's DeFi Trajectory (Positive Outlook)

Overview:
Solana’s lending TVL has grown to $3.6 billion, a 33% increase year-over-year. Jupiter handles 42% of the trading volume on the Solana blockchain. Upcoming network upgrades, including a boost to 100,000 transactions per second (TPS) and Western Union’s plan to launch a stablecoin on Solana, are expected to further expand the ecosystem.

What this means:
JUP continues to be a key liquidity provider on Solana. Historically, a 10% rise in Solana’s DEX trading volume has led to a 6-8% increase in JUP’s price. However, competition is heating up, with Kamino Finance managing $3.5 billion in lending TVL (The Defiant).

3. Tokenomics & Governance Risks (Challenges Ahead)

Overview:
Jupiter’s decentralized autonomous organization (DAO) governance is on hold until 2026, leaving decision-making mainly in the hands of core developers. In July 2025, a significant token unlock will release 53.47 million JUP tokens (worth about $32 million at current prices). Some argue that the rewards from the ASR program don’t sufficiently offset the dilution caused by this unlock.

What this means:
Stakers will need to acquire 50% more JUP each year just to keep their voting power from decreasing. This creates a structural challenge unless the protocol’s fees—which reached $82.4 million in Q2 2025—are used aggressively to buy back tokens (CoinMarketCap).

Conclusion

JUP’s future depends on whether Solana’s growing infrastructure and ecosystem can outpace the inflation of its token supply. The launch of JupUSD and increased lending activity in the fourth quarter may help offset the impact of the July token unlock. However, the current centralization of governance remains a concern.

Keep an eye on Jupiter Lend’s ability to maintain its $1 billion TVL and whether Solana’s stablecoin inflows and JUP staking levels improve week by week.


What are people saying about JUP?

The Jupiter (JUP) community is divided between excitement over new lending features and concerns about upcoming token unlocks. Here’s what’s trending:

  1. Solana Breakpoint upgrades are fueling hopes for a powerful DeFi super-app 🚀
  2. Long-term holders remain confident in Jupiter’s strong position despite recent price drops 💪
  3. The $32 million token unlock in July is still affecting market sentiment 🔓
  4. A pause in DAO governance has sparked debates about centralization 🛑
  5. The $0.63 price level is a critical resistance point that could determine the next move 📉

Deep Dive

1. @JupiterExchange: Launch of Major DeFi Features Bullish

"JupUSD stablecoin + open-sourced Jupiter Lend mark our shift from aggregator to full DeFi ecosystem"
– @JupiterExchange (605K followers · 1.2M impressions · 2025-12-13 18:59 UTC)
View original post
What this means: Jupiter has introduced its own stablecoin (JupUSD) and revamped its lending platform. This could increase how much JUP is used within Solana’s decentralized finance (DeFi) space. However, how many people start using these new tools will be key to their success.

2. @haiwed3: Infrastructure Strength Shows Bullish

"JUP remains Solana’s liquidity backbone – 42% token unlock absorption shows real demand"
– @haiwed3 (2,056 followers · 8.4K impressions · 2025-11-30 04:41 UTC)
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What this means: Even though the number of JUP tokens available has doubled since January 2025, the price has still risen 16% monthly. This suggests the market values JUP’s important role in Solana’s $12 billion total value locked (TVL) ecosystem.

3. @ali_charts: Token Unlock Pressure Remains Bearish

"53M JUP unlocked July 28 barely moved price, but 1.28% monthly unlocks create constant sell pressure"
– @ali_charts (48K followers · 230K impressions · 2025-07-29 01:13 UTC)
View original post
What this means: Over half of all JUP tokens are still locked until 2026. While a large unlock in July didn’t cause a big price drop, ongoing monthly unlocks keep selling pressure steady. Traders are watching if Jupiter’s growth can outpace this dilution.

4. Reddit Thread: Governance Pause Sparks Concern Bearish

"No DAO votes until 2026? So much for ‘community-led’ – team wallets control 37% voting power"
– u/SolDeFiSkeptic (12K karma · 850 comments · 2025-06-20 12:55 UTC)
View discussion
What this means: The decision to pause decentralized autonomous organization (DAO) voting until 2026 has upset some community members. They worry this shift gives too much control to the core team, moving away from the idea of a community-led project. However, this pause might help speed up product development.

5. @genius_sirenBSC: Price Resistance Test Mixed

"Rejection at $0.63 mirrors May pattern – breakout needs Solana ETF tailwinds"
– @genius_sirenBSC (79.8K followers · 420K impressions · 2025-05-26 14:42 UTC)
View original post
What this means: Since April 2025, JUP’s price has been stuck between $0.39 and $0.63. The price recently failed to break above $0.63, similar to what happened in May. A strong push, possibly helped by positive news around Solana ETFs, is needed to break this ceiling.

Conclusion

The outlook for $JUP is mixed. Jupiter continues to lead in Solana’s DeFi space, especially with Jupiter Lend’s $1.6 billion in deposits over just 8 days, showing strong execution. However, concerns remain about the large token unlock scheduled for 2026, which could increase selling pressure. Keep an eye on the JUP/USDC trading pool on Jupiter Terminal—currently holding about $28 million in liquidity—as the launch of JupUSD stablecoin might bring more price swings.


What is the latest news about JUP?

Jupiter is making big moves in Solana’s decentralized finance (DeFi) space with new stablecoins, lending improvements, and incentives to grow its ecosystem. Here’s the latest update:

  1. JupUSD Stablecoin & DeFi Suite (December 13, 2025) – Launch of a native stablecoin and $1 million in rewards to boost activity on Solana’s DeFi platforms.
  2. Pye Finance Partnership (December 13, 2025) – $5 million seed funding aimed at increasing Solana staking liquidity through Jupiter’s network.
  3. Lending Total Value Locked (TVL) Hits $3.6 Billion (December 12, 2025) – Jupiter Lend’s growth shows it’s becoming a key player in Solana’s DeFi lending market.

Deep Dive

1. JupUSD Stablecoin & DeFi Suite (December 13, 2025)

Overview: At the Solana Breakpoint 2025 event, Jupiter announced eight major upgrades, including the launch of JupUSD, a stablecoin built specifically for Solana using Ethena technology. This stablecoin is integrated across Jupiter’s trading, lending, and prediction platforms to make DeFi easier and more efficient. Along with this, Jupiter is offering $1 million in rewards for swapping JupUSD and has open-sourced Jupiter Lend, which reached $1 billion in deposits within just eight days.

What this means: This is a positive development for JUP because controlling both the stablecoin and the platform can increase liquidity, attract developers, and capture a bigger share of Solana’s $3.6 billion lending market. However, the success of JupUSD depends on keeping its value stable and encouraging users to adopt it beyond just swapping. (TradingView)

2. Pye Finance Partnership (December 13, 2025)

Overview: Pye Finance, a marketplace for staking on Solana, raised $5 million from investors including Variant, Coinbase Ventures, and Gemini. Their unique staking model splits SOL tokens into principal (PT) and rewards (RT) tokens, allowing users to trade their staking rewards without having to unstake their tokens.

What this means: This partnership is neutral for JUP in the short term but could help Jupiter attract more institutional users by integrating Pye’s staking products. Since 67% of SOL is already staked, this could increase liquidity for Jupiter’s lending and borrowing services. (CoinGape)

3. Lending TVL Hits $3.6 Billion (December 12, 2025)

Overview: According to RedStone data, Solana’s lending market grew 33% year-over-year to reach $3.6 billion in total value locked. Jupiter Lend, launched in August 2025, now holds $1.65 billion in TVL and offers features like isolated vaults and low penalties for liquidations.

What this means: This is a strong sign for JUP, as lending now accounts for about 35% of Solana’s DeFi activity. The growth of real-world asset tokenization and increased participation from institutions could further strengthen Jupiter’s role as a central liquidity provider. (The Defiant)

Conclusion

Jupiter is firmly positioning itself as a leader in Solana’s DeFi ecosystem through strategic product launches and partnerships. While the introduction of JupUSD and the growth in lending highlight its strengths, wider adoption will depend on maintaining user incentives and competing effectively in the stablecoin market. The question remains: will JUP’s focus on real-world assets and institutional tools secure its place as Solana’s go-to DeFi platform?


What is expected in the development of JUP?

Jupiter is making steady progress with several key updates planned:

  1. JupUSD Stablecoin Launch (December 13, 2025) – Introducing a stablecoin built on Solana, integrated with Jupiter’s decentralized finance (DeFi) tools.
  2. Jupiter Lend Open-Source Release (Q4 2025) – Opening up its lending platform to the public after successful beta testing.
  3. Jupnet Public Testnet (Early Q4 2025) – Testing a new network that allows seamless token swaps across different blockchains.
  4. Governance Model Update (2026) – Revamping the community voting system to reduce central control and improve fairness.
  5. Jupuary Annual Token Distribution (January 2026) – A large token giveaway rewarding active users and contributors.

In-Depth Look

1. JupUSD Stablecoin Launch (December 13, 2025)

What it is: Jupiter is teaming up with Ethena Labs to launch JupUSD, a stablecoin native to the Solana blockchain. It’s backed by major financial players like BlackRock’s BUIDL fund and USDtb. This stablecoin will be integrated into Jupiter’s DeFi services such as lending and perpetual contracts to make transactions smoother.
Why it matters: This could increase the usefulness of the Jupiter platform and encourage more trading. However, challenges include getting users to adopt the stablecoin and keeping its value stable during market ups and downs (CoinMarketCap).

2. Jupiter Lend Open-Source Release (Q4 2025)

What it is: Jupiter Lend, which quickly reached $1 billion in assets during its beta phase, will become fully open-source. It offers features like isolating risk dynamically and allowing loans up to 90% of the asset value.
Why it matters: Making the code public could attract developers and increase trust. Still, it faces tough competition from established platforms like Aave, so its immediate impact might be limited (Crypto Briefing).

3. Jupnet Public Testnet (Early Q4 2025)

What it is: Jupnet is a new network designed to let users swap tokens across different blockchains (starting with Solana and Ethereum) without relying on bridges, which can be slow or risky. The testnet phase will trial this technology.
Why it matters: If successful, this could bring more users to Jupiter by making cross-chain trading easier. But technical issues or security problems could delay or derail the project (Jupiter Team).

4. Governance Model Update (2026)

What it is: After pausing community votes in 2025 due to disagreements, Jupiter plans to relaunch its decentralized governance with new rules to reduce central control and make voting fairer.
Why it matters: Better governance could rebuild community trust. However, if centralization continues, some users might lose interest (Cryptonewsland).

5. Jupuary Annual Token Distribution (January 2026)

What it is: The third annual Jupuary event will distribute 700 million JUP tokens (valued at about $140 million today) to users based on their trading, staking, and voting activity.
Why it matters: This could boost demand for JUP in the short term. But if many recipients sell their tokens quickly, it might put downward pressure on the price (KuCoin).

Conclusion

Jupiter’s upcoming plans aim to grow its ecosystem with new products like JupUSD and Jupnet, while also improving governance and lending features. The 2026 Jupuary token distribution and stablecoin launch will be key factors influencing JUP’s price in the near future. The big question is whether Jupiter’s move toward cross-chain trading will help it outshine competitors focused only on Solana, like Raydium.

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What updates are there in the JUP code base?

In 2025, Jupiter (JUP) rolled out three key updates to improve its platform, focusing on better security, stronger APIs, and building trust within its ecosystem.

  1. Token Verification v4 (August 2025) – Cut down fake token listings by about 40% with stricter checks.
  2. Dev Tokens Tab (July 2025) – Monitors wallets that create multiple tokens to spot potential scams.
  3. API Overhaul (June 2025) – Upgraded to new API endpoints with better access controls and fraud detection.

Deep Dive

1. Token Verification v4 (August 2025)

What happened: Jupiter made it harder for fake or low-quality tokens to get listed. They now require projects to have audits and meet higher liquidity standards. The system automatically verifies project legitimacy by checking on-chain data and wallet activity. This led to a 40% drop in fake tokens within just one week.

Why it matters: This update is good news for JUP holders because safer trading environments attract more users and reduce the chance of regulatory problems. (Source)

2. Dev Tokens Tab (July 2025)

What happened: Jupiter teamed up with Meteora LPArmy to track wallets that launch many tokens with suspicious patterns, often linked to scams. This tool scans across Jupiter’s platform features like swaps and launchpads to warn users.

Why it matters: This feature helps protect users but doesn’t directly increase trading or revenue for JUP. It’s a safety improvement that builds trust. (Source)

3. API Overhaul (June 2025)

What happened: Jupiter retired older APIs and introduced new V3 endpoints that include outlier detection to spot unusual activity. Paid users get priority access through api.jup.ag, while free users face tighter limits on lite-api.jup.ag. Some response formats changed, which means developers need to update their integrations.

Why it matters: This is positive for JUP because more reliable and secure APIs can attract bigger institutional partners. However, smaller developers might find the transition challenging. (Source)

Conclusion

Jupiter’s 2025 updates focus on making the platform safer, more scalable, and ready for professional use. The Token Verification v4 and API improvements support long-term growth, while the Dev Tokens Tab helps manage immediate risks. With Solana’s decentralized finance (DeFi) activity picking up again, it will be interesting to see how Jupiter’s code evolves, especially as it prepares to launch its JupUSD stablecoin.