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

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

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02 Jul 2026, 10:30 WIB

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Bullish

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.

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BitGo clients can now stake SOL directly from custody via Jupiter validator without moving assets.

Jupiter and BitGo have launched a validator allowing BitGo's institutional clients to stake Solana (SOL) directly from their custody accounts without transferring assets. This native staking solution keeps SOL in BitGo's insured cold storage, enhanci...

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Bullish

1 day ago

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

More News (JUP)

BitGo clients can now stake SOL directly from custody via Jupiter validator without moving assets.

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