Jupiter Perps LP SOL count climbs to 4.54 million

Jupiter Perps LP SOL holdings rose to 4.54 million on Saturday, Nov. 14, by DefiLlama’s count at 3:25 p.m. ET, even as the market fell hard. The pool’s token, Jupiter Perps LP ($JLP), is Jupiter’s perps liquidity pool token. Its coin count went up 2.2% since the start of the day, while its dollar value fell 5.0%.

The quick take

Price: $JLP at $3.65, -6.3% ↓ in 24 hours (CoinGecko, 4:39 p.m. ET).
Trigger: The pool added about 96,700 SOL since midnight UTC as Solana ($SOL) fell 11.3%.
Watch: The $SOL price, since $SOL now makes up 57% of the pool.

What happened

DefiLlama counted 4,445,992 $SOL in the pool at 00:00 UTC on Saturday. By its 3:25 p.m. ET reading, the count stood at 4,542,652, a gain of about 96,700 $SOL. At the start of Nov. 8, the pool held 4,280,169 $SOL, so the count is up 6.1% in a week.

The dollar picture went the other way. DefiLlama put the pool at $572.2 million at its latest reading, down from $602.5 million at the start of the day. That is a 5.0% drop in one day and 13.4% since Nov. 8, when it read $660.9 million.

Jupiter’s own token data gives a larger number. It lists 184.60 million $JLP tokens at $3.65 each at 4:47 p.m. ET, a market value of about $673.1 million. The two trackers count the pool in different ways, so we show both figures.

Why it moved

More coins did not mean more value, because $SOL itself fell hard. CoinGecko showed $SOL at $70.11 at 4:39 p.m. ET, down 11.3% in 24 hours and 21.2% in seven days. The pool’s $SOL stake was worth $326.4 million at DefiLlama’s latest reading, down from $347.9 million at the start of the day.

The pool’s other holdings also lost value. Its wrapped Bitcoin stake fell from $99.5 million to $91.3 million, while its wrapped Ether stake held near $54.1 million. LiveCoinWatch showed Bitcoin ($BTC) at $64,754 at 4:40 p.m. ET, down 5.2% in 24 hours.

Stablecoins gave the pool a cushion. USD Coin ($USDC), JupUSD ($JUPUSD) and Tether ($USDT) together came to about $100.5 million, or 18% of the pool. DefiLlama’s data does not show why the $SOL count rose, so the cause is not confirmed.

Who’s buying and selling

Trading in the $JLP token leaned toward sellers by value. Jupiter’s data showed $3.06 million of buys and $4.32 million of sells over 24 hours. Yet buy trades outnumbered sell trades, 60,946 to 58,099, across 9,021 traders.

The holder count barely moved. Jupiter listed 89,384 holders at 4:47 p.m. ET, down 0.03% in a day. That suggests most owners held on while prices fell.

On price, CoinGecko showed $JLP at $3.65, down 6.3% in 24 hours and 12.9% in seven days. Jupiter’s price matched it within 0.3%. The token’s daily drop was a little over half the size of the $SOL drop, and it trades 39% below its record of $5.99 from Oct. 6, 2025, per CoinGecko.

What to watch next

The $SOL price. At 57% of the pool, $SOL drives most of its daily swings.
The $SOL count. The count rose on a falling day. A drop in the count would show coins leaving the pool.
The gap between trackers. DefiLlama’s $572.2 million and Jupiter’s $673.1 million differ by about $101 million. Check which source a pool figure comes from.

For more on Jupiter’s other products, see our Jupiter Exchange hub.

Bottom line: The Jupiter Perps LP pool ended Saturday with about 96,700 more $SOL than it started with, but a steep $SOL drop cut its value to $572.2 million on DefiLlama.