JUP token has surged amid a bearish market, driven by Jupiter’s ambitious plans for a $3.6 billion token burn and a buyback program.
As the cryptocurrency market faces a turbulent period, with a 6% drop in overall market capitalization, Jupiter’s native token JUP JUP $0.36 24h volatility: 5.4% Market cap: $1.02 B Vol. 24h: $58.96 M has defied the odds by emerging as a top gainer. Jupiter’s strategic initiatives, including token burns and buybacks, appear to be the catalysts behind the token’s unexpected rise.
Over the past 24 hours, JUP has surged 6%, trading at $0.97 and boasting a market cap of $1.63 billion. The token’s trading volume has skyrocketed by 200%, reaching $1.74 billion, as investors rally around the promising announcements from the Solana-based decentralized exchange.
Jupiter Announces $3.6B Token Burn and Buyback Plan
During its inaugural “Catstanbul 2025” event, Jupiter announced bold plans to bolster the value and utility of its token. Pseudonymous founder ‘Meow’ revealed two key measures: a massive token burn and a buyback program.
The exchange plans to burn 3 billion JUP tokens, worth around $3.6 billion, to curb emissions and lower its fully diluted valuation (FDV). This move, according to the founder, aims to “increase certainty” for investors and strengthen the token’s fundamentals.
Additionally, the team plans to allocate 50% of Jupiter’s protocol fee revenue toward repurchasing JUP tokens from the market. These repurchased tokens will be locked in a “long-term litterbox”, signaling long-term value stabilization. The remaining 50% of revenue will be funneled into growth initiatives and operational stability.
These announcements spurred immediate market optimism, with JUP soaring to a 30-day high of $1.28 following a dramatic 37% spike on the four-hour chart. Over the past month, JUP has seen a 20% increase. However, it still remains 50% below its all-time high of $2.04 from January 2024.
Technical Indicators
On the daily chart, the MACD (Moving Average Convergence Divergence) indicator suggests a bullish trend, as the shorter-term MACD line (blue) remains above the longer-term signal line (red).
Meanwhile, the Accumulation/Distribution indicator reflects shifting investor behavior. After a period of heavy accumulation on Sunday, the token is now seeing significant distribution, with investors locking in profits and selling their holdings. Analysts see the cooling-off rally as a good buying position for investors. “Opportunities like this don’t come often, especially for coins showing strength in a bleeding market. Use it wisely,” popular crypto analyst Batman stated on X.
JUP’s next major support level lies at $0.75, a price it has rarely tested since March 2024. Whether the token can maintain its upward momentum remains to be seen, but Jupiter’s bold plans have certainly placed it in the spotlight during a challenging market period.
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