Jupiter (JUP) surges 15% on stablecoin addition and strategic reserve buys, reclaiming key support level.

Jupiter (JUP) rose over 15% in 24 hours, driven by adding its stablecoin JupUSD to its liquidity pool and plans for a $500 million USDC-to-JupUSD transition. The strategic reserve also increased buying pressure by acquiring over 350,000 JUP recently, contributing to supply reduction through token burns. JUP reclaimed a lost trendline support level, suggesting a potential bullish shift if it holds above $0.24, with possible gains to $0.28. This rally highlights Jupiter's growth as a major liquidity provider on Solana and its evolving on-chain finance system.