Jupiter Exchange token slips 6.5% to trade under its daily low
The Jupiter Exchange token fell 6.5% in 24 hours to $0.241 as of 6:39 p.m. ET on Monday, Nov. 2, just under its reported daily low.
The quick take
- Price: Jupiter ($JUP) trades at $0.241, down 6.5% in 24 hours (-6.5% ↓).
- Trigger: A steady slide through Monday took it below its 24-hour low of $0.242.
- Watch: Whether sellers keep the upper hand in the main on-chain pools.
The Jupiter Exchange token slips 6.5% in a day and now trades just under its daily low. Jupiter Exchange ($JUP) sold for $0.241 at 23:39 UTC on Nov. 2, according to CoinGecko.
What happened
Jupiter’s own price feed showed a 6.4% drop, close to the same reading. CoinGecko put the day’s range between $0.242 and $0.259, so the latest price sits just below that low.
On Binance’s JUP/USDT pair, hourly closes eased from $0.258 at 04:00 UTC to $0.241 by 23:40 UTC. The slide was steady, with no single sharp drop along the way.
The token is down about 12.5% over seven days, per CoinGecko. CoinPaprika shows a 13.1% weekly loss. The token’s record high is $2.00, set on Jan. 31, 2024, per CoinGecko, so it now trades about 88% below that peak.
Why it moved
No project announcement explains the drop, so the cause is not confirmed. The wider market was softer, but $JUP fell harder than most.
Solana ($SOL) lost 2.6% in 24 hours, per CoinGecko. Bitcoin ($BTC) slipped 1.9%, according to LiveCoinWatch.
Who’s buying and selling
Sellers led the busiest on-chain pools. In the $JUP/$SOL pool on Orca, DexScreener counted 4,467 sells against 3,995 buys over 24 hours.
GeckoTerminal showed a wider gap in a Meteora $JUP/$SOL pool: 1,782 sells and 509 buys. Total trading volume reached $44.8 million in 24 hours, per CoinGecko, and the token’s market value stands near $799 million.
What to watch next
Jupiter Lend, the project’s lending market, held $985.6 million in deposits, down 1.1% in a day, per DefiLlama. Steady deposits would suggest users are staying even as the token slides.
The next test is whether $JUP holds near $0.24 or keeps setting new daily lows.
Bottom line: Jupiter Exchange’s token slid 6.5% in a day and trades under its daily low, with sellers ahead in the main pools.
Price data: CoinGecko (checked against Jupiter’s price feed). Market context: LiveCoinWatch.
Sources
- CoinGecko: Jupiter (JUP) price, range and volume (23:39 UTC and 23:42 UTC, Nov. 2)
- Jupiter price API: JUP (23:40 UTC)
- Binance: JUP/USDT hourly closes (23:40 UTC)
- CoinPaprika: Jupiter weekly change (23:42 UTC)
- DexScreener: JUP/SOL pool on Orca (23:40 UTC)
- GeckoTerminal: JUP/SOL pool on Meteora (23:40 UTC)
- DefiLlama: Jupiter Lend deposits (23:40 UTC)
- CoinGecko: Solana price (23:40 UTC)
- LiveCoinWatch: Bitcoin price (23:40 UTC)
Not financial advice.
