Jupiter Exchange rally adds 12% as the token climbs through Friday

What happened

The Jupiter Exchange rally kept going on Friday and pushed the token’s 30-day gain to 50%. Jupiter Exchange ($JUP) traded at $0.376 at 17:40 UTC, up 12% in 24 hours, according to CoinGecko. Jupiter’s own price feed showed $0.377, a gap of 0.3%.

Over 24 hours the token moved between $0.329 and $0.381, per CoinGecko. It is up 16% in seven days. Even so, it trades 81% below its record of $2.00 from January 2024.

Its market value stands at $1.25 billion. Traders swapped $143 million of $JUP across exchanges in 24 hours, per CoinGecko.

Why it moved

The gain came as a steady climb, not one sudden spike. On Binance’s JUP/USDT pair, hourly closes rose from $0.336 at midnight UTC to $0.380 at 17:00 UTC.

The wider market rose too, but far less. Bitcoin ($BTC) gained 2.4% and Ether ($ETH) 2.8% in 24 hours, per LiveCoinWatch. Solana ($SOL) added 2.6%, per CoinGecko.

Jupiter has posted no announcement in this window that explains the jump. The cause of the move is not confirmed.

Who’s buying and selling

Trading on decentralized exchanges stayed close to even. In the largest $JUP pool on DexScreener, a JUP/SOL pool on Orca with $784,901 of liquidity, buyers made 19,263 trades and sellers 19,353 in 24 hours.

GeckoTerminal’s top pool, a Meteora JUP/SOL pool with $2.2 million of liquidity, showed 4,620 sells against 3,906 buys. That suggests some holders sold into the rise.

Jupiter Lend, the project’s lending market, held $1.14 billion in total value locked, per DefiLlama.

What to watch next

Watch whether $JUP keeps its gains if Bitcoin and Solana cool off. The 24-hour low of $0.329 marks where this leg of the rally began. Any official word from Jupiter would help explain the move.

Bottom line: $JUP adds 12% in a day with no announced news, while trades in its top pools stay balanced.

Sources

1. CoinGecko — Jupiter (JUP): price, 24h range, 7d and 30d change, record high, market cap, volume (B+, 17:40-17:42 UTC)
2. Jupiter Price API — JUP price cross-check (B, 17:41 UTC)
3. Binance — JUP/USDT hourly closes (B, 17:41 UTC)
4. DexScreener — Orca JUP/SOL pool (B, 17:41 UTC)
5. GeckoTerminal — Meteora JUP/SOL pool (B, 17:41 UTC)
6. DefiLlama — Jupiter Lend (B+, 17:41 UTC)
7. LiveCoinWatch — Bitcoin and Ether (B, 17:41 UTC)
8. CoinGecko — Solana (B+, 17:41 UTC)

Price data: CoinGecko.

Not financial advice.