Jupiter Exchange token slides 9.8% as sellers hold control

Jupiter Exchange token slides 9.8% as sellers hold control all day

Jupiter Exchange’s $JUP fell 9.8% in 24 hours to $0.343 as of 11:40 a.m. ET Monday, a far steeper drop than Solana’s 1.5% dip.

The quick take

Price: $0.343, down 9.8% in 24 hours (CoinGecko, 15:40 UTC).
Trigger: A steady hour-by-hour slide with no announcement from Jupiter; sellers lead its main pools.
Watch: Whether $JUP holds above its 24-hour low of $0.341.

Jupiter Exchange ($JUP) kept losing ground on Monday. The Jupiter Exchange token slides 9.8% over 24 hours to $0.343, per CoinGecko data at 15:40 UTC. Jupiter’s own price feed showed $0.342, within 0.3% of that.

What happened

$JUP traded near $0.382 at 16:00 UTC on Sunday, according to hourly JUP/USDT data from Binance. It then lost ground in most hours, and the drop sped up on Monday afternoon. The token fell about 2% between 14:00 and 15:00 UTC alone.

CoinGecko puts the 24-hour range at $0.341 to $0.382. Trading volume reached $85.3 million, about 7.5% of the token’s $1.14 billion market value.

Why it moved

Jupiter has posted no announcement on its research forum or website that explains the drop, so the cause is not confirmed.

The move runs well ahead of the wider market. Solana ($SOL) slipped 1.5% over the same 24 hours, per CoinGecko, while $BTC fell 0.7%, per LiveCoinWatch. A few other Solana DeFi tokens fell hard too: Orca DEX ($ORCA) lost 9.7% and Pump.fun ($PUMP) 6.6%.

Who’s buying and selling

Sellers had the edge on decentralized exchanges. In the $JUP pool that DexScreener ranks first, sells beat buys 9,402 to 9,221 over 24 hours.

GeckoTerminal showed a wider gap in a larger JUP/SOL pool holding $2.2 million: 2,927 sells against 1,690 buys. Jupiter Lend showed $1.14 billion in deposits at 15:41 UTC, per DefiLlama.

What to watch next

The 24-hour low of $0.341 is the nearest marker on the chart. $JUP is still up 3.5% over seven days and 40% over 30 days, per CoinGecko, so the slide trims a strong month.

A statement from Jupiter, or a shift in the buy and sell balance in its pools, would be the next signal to watch.

Bottom line: $JUP’s 9.8% slide is far steeper than Solana’s dip, and no project news explains it yet.

Price data: CoinGecko, cross-checked with Jupiter.