Jupiter (JUP) has changed into a multi-purpose app on Solana, with peak charges and revenues. Regardless of this, the JUP token stays underneath strain.
JUP stays caught at a low vary, with no indicators of a breakout regardless of the rising curiosity within the Solana ecosystem. Jupiter’s companies have change into key for meme token buying and selling, basic routing to Solana DEX, and different duties. The app is commonly among the many main charge producers on Solana.
JUP traded in a comparatively tight vary, not breaking out regardless of general optimism for altcoins. | Supply: Coingecko
Nevertheless, the native JUP token is just not exhibiting a connection to the efficiency of the undertaking. JUP has traded between $0.65 and $0.45 for the previous six months, peaking at $1.25 in December 2024. JUP open curiosity on spinoff markets is simply $83M, down from $249M at first of 2025.
JUP can be close to its lowest worth towards SOL, leaving buyers caught with an asset that has lagged behind its important community.
One other proof that valuations in crypto are bs@JupiterExchange has one of many largest person bases in defi, one of many highest income, aggressive product enlargement, current merchandise like @jup_lend have so many bulletins coming, Jupnet is about to launch, then be careful… https://t.co/r64FsNrCq6
— DMH 🦇🔊🌊 (@DeFi_Made_Here) October 3, 2025
Regardless of its profitable merchandise, JUP nonetheless has a market cap of simply $1.42B. The token nonetheless has an FDV of $3.15B, doubtlessly signaling promoting strain through the years.
At present, the Jupiter neighborhood can be elevating the query of the JUP utility and the impact of elevated buying and selling. One of many proposals is to aim a shift in JUP utility, copying the Hyperliquid mannequin with buybacks primarily based on protocol charges.
Why is JUP lagging?
JUP is getting assist within the type of buybacks from the group. Nevertheless, the token may face promoting strain from retail and early whales. Moreover, the 2025 Jupuary occasion brought about vital promoting strain, bringing the worth down from its native peak in December 2025.
Not even the latest Meteora MET airdrop for Jupiter stakers was sufficient to spice up demand for the token and enhance the market worth from its lows. JUP additionally didn’t rise because of the perp DEX narrative, regardless of Jupiter providing perpetual futures buying and selling.
JUP is anticipating one other Jupuary occasion that may distribute 700M tokens in early 2026. Till that second, different measures to prop up the worth could also be inefficient, because the market nonetheless expects the airdrop recipients to promote.
Jupiter nonetheless unveils new merchandise
JUP can be rising its provide by Lively Staking Rewards (ASR), making the token barely inflationary. Moreover, the group nonetheless holds over $58M in its Litterbox, a strategic JUP reserve which isn’t burnt or locked. One of many proposals contains burning the strategic reserve and reducing the overall provide of JUP.
I stated it so many occasions and I’ll say it once more:
– burn litter field
– burn 3-4b provide
– change ASR reward to SOL from 50% protocol charges
– make staked JUP ready for use as collateral
– use JUP as gasoline charges on JUPNETI’m a $JUP supporter however group wants to handle these factors
— David (@davidkimoficial) October 5, 2025
The neighborhood is nervous in regards to the overly-generous month-to-month ASR program, along with the upcoming Jupuary, which can inflate the availability by about 10%.
Jupiter nonetheless produces $2.41M in every day charges primarily based on its most generally used merchandise, together with the native DEX, router, and perpetual futures market.
Not too long ago, Jupiter launched a brand new desktop pockets integrating all companies, providing entry to the Solana ecosystem with even decrease charges. The desktop pockets plans to develop to NFT buying and selling and sophisticated DeFi positions.
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