- Jupiter has maintained a 10-day bullish streak not seen since October 2024, signaling strong upward momentum.
- Jupiter dominates Solana’s DEX aggregator and perpetual trading, with expanding ecosystem and strategic acquisitions fueling long-term confidence.
Jupiter (JUP) has been showing its fangs in the crypto market for ten consecutive days. This increase has not been seen since October 2024. From a technical perspective, this movement is considered a fairly strong form of bullish consolidation. No wonder popular analyst Master Ananda calls his chart “bullish, bullish, bullish.” The price touched below the lowest level on March 11, but immediately closed above it.
JUP’s Rise Is Only a Matter of Time
Furthermore, Jupiter is currently in a phase that can be likened to someone who has definitely been accepted for a job, just waiting for the entry date. The decision is final, it just hasn’t been executed on the price surface. According to Ananda’s technical analysis, the JUP token has the potential to skyrocket by more than 200%.
Meanwhile, as of press time, JUP is swapped hands at about $0.4841, up 12.52% over the last 24 hours and driving its market cap to surpass the $1.3 billion mark.
Expansion, Verification, and Capital Return Strategy
On the other hand, a report from CNF shows an interesting step from Jupiter VERIFY. The badge-based verification feature is now being introduced to categorize tokens in the Solana ecosystem, starting from Blue Chip, Community Assisted, Social ID, to C.A.T. reports. This step is predicted to be able to improve user trust while minimizing the risk of token fraud which is often a problem on Solana.
Not stopping there, Jupiter has also managed to control around 95% of the DEX aggregator volume and 80% of the perpetual market on the Solana network. Just imagine if one platform could dominate two trading channels at once. Its annual revenue is even said to have exceeded $280 million.
With features such as memecoin terminals, NFT integration through DRiP Haus, and acquisitions of other applications such as Coinhall and Moonshot, Jupiter continues to transform into a super application.
However, this smooth journey was disrupted by the Jupiter DAO decision on March 12, 2025. They agreed to compensation of $140 million for the internal team, with 7% of the tokens allocated directly to the project’s founder, Meow.
This decision has drawn criticism, ranging from concerns about the diluted value of the token, to accusations of unwise capital management. Even so, some in the community defended this move on the grounds that great talent needs to be given high incentives so that they do not flee to other projects.
Meanwhile, last February Jupiter also started a $3.33 million JUP token buyback program. Half of the protocol’s revenue will be allocated to buyback tokens that will then be locked for three years. The goal is simple: reduce supply and encourage buying pressure. This move is seen by many as a signal that the project team is fully confident in the future of JUP.
