Jupiter's JUP Jumps 15% as Stablecoin Joins the JLP Pool Party 🎉

Jupiter [JUP] climbed more than 15% in the past 24 hours, outpacing Bitcoin [BTC] and the broader crypto market, while daily trading volume spiked 72% to $48 million. The move came as the Solana [SOL] DEX aggregator added its own stablecoin, JupUSD, to the Jupiter Liquidity Provider (JLP) as a custody asset. JupUSD is now the sixth asset in JLP, joining Solana [SOL], Bitcoin [BTC], Ethereum [ETH], USDC and USDT, paving the way for a planned $500 million USDC-to-JupUSD transition inside Jupiter's perps pool.

The stablecoin addition has renewed speculation around Jupiter building its own Omnichain Ledger, a step consistent with the protocol's evolution from a 2021 swap aggregator into a full on-chain finance system. Jupiter currently routes more than 80% of total retail liquidity movement on Solana.

Buying pressure is also coming from Jupiter Strategic Reserve, Litterbox Trust, which added 356,726 JUP over the past 24 hours. That followed 14.44 million JUP purchased last month, bringing total locked JUP tokens to 143.8 million. On the supply side, roughly 134.55 JUP have been burned through the reserve's efforts, contributing to a reduction in total supply from 10 billion earlier this year to below 7 billion now, after 3 billion tokens were burned in January 2025.

On the 4-hour chart, JUP attempted to reclaim a trendline support level it had traded above for most of June before losing it in the final five days of the month. At press time, the price was back above that level but had not yet established a base above it. A sustained move above the minor resistance at $0.24 would put a push toward $0.28 in play, supported by Net Volume showing more than 800K JUP bought during the session as bulls regained momentum. A confirmed reclaim of resistance would mark a short-term trend shift; failure would extend the emerging bear structure.