Jupiter’s JUP Rallies On With Solana Supporters Leading the Charge
One of the most-anticipated airdrops faced social media ire over its novel token distribution plan.
One of the most-anticipated airdrops faced social media ire over its novel token distribution plan.
Validators called the airdrop a success. “Surprisingly, nothing notable” broke, one operator said.
The JUP-USD perpetual traded at 65 cents on Aevo at press time, implying a market capitalization of $700 million at the inception.
The burn turned out to be a “sell the news event” as traders had already accounted for the purge – and then some.
The latest price moves in crypto markets in context for Jan. 29, 2024.
The platform settled over $500 million in trades on Sunday, briefly becoming the biggest on-chain trading platform.
The Solana-based trading aggregator will test the longevity of the Solana frenzy.