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Decentralized Exchange protocol Jupiter, a new trading engine built on the Solana blockchain is showcasing a wild volatility following its planned listing on multiple platforms.
Jupiter is brandishing a sense of frenzy across the broader crypto market recently as the exchange’s community showcased noteworthy advancements in recent days. The exchange lately offered colossal airdrops to its users, whereas, on the other hand, witnessed a significant listing chronicle, nabbing noteworthy attention among crypto market enthusiasts worldwide.
Meanwhile, with its staggering advancements in recent days, the exchange appears to be emerging as a key player within the DeFi realm, staging as the most used trading platform across the DeFi ecosystem. Crypto market traders and investors appear to be extensively eyeing the JUP token, aligning with the display of substantial developments.
JUP Token Listing & Airdrop Saga
Jupiter Exchange’s native token, JUP, seems to have marked a tempest of strides over the past week, with two significant achievements attained. Firstly, with the revelation of the token’s upcoming listing on Binance, JUP has piqued traders’ curiosity across the crypto market.
Binance, the world’s leading cryptocurrency exchange, unveiled plans to list the token and commence spot trading on January 31 at 15:30 UTC.
Further, the trading pairs JUP/USDT, JUP/FDUSD, and JUP/TRY will be available for users on the platform, propelling optimism for JUP listing across the crypto horizon. Additionally, the listing fee was also set at 0 BNB, mirroring Binance’s jack-up to the Solana-based DeFi protocol. Meanwhile, the JUP community already garnered significant attention with the unveiling of its plans to facilitate another airdrop.
To ensure the best trading experience, Binance has delayed the JUP listing by 30 minutes.
The Solana-based DEX recently proclaimed that pre-existing users on its platform will get another opportunity to collect JUP tokens in airdrops. As per the exchange’s statement, users may get this opportunity every January, attracting crypto fanatics from across the globe. However, new users won’t be able to claim this airdrop, according to the exchange.
Notably, Jupiter also surpassed Uniswap V3 in 24-hour trading volume recently, as per data by CoinGecko. Data illustrated a nearly $15 million difference in the DEXs’ trading volume, catching the eyes of crypto market enthusiasts.
Whilst, in another gust of developments, the Jupiter exchange emerged as the most used trading platform in DeFi, further accompanied by the tag of being the most used program on Solana.
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Will JUP Price Rally?
With current trends, the market sentiments for the token appear to be positive. Meanwhile, the ERC-20 Jupiter Project token’s price appears to be bouncing amid the Jupiter exchange’s recent monumental developments. The Jupiter exchange token (JUP) traded mostly in the red following its inception into the market. As of press time, the token noted a marginal 0.16% jump over the past 24 hours and is currently trading at $0.5859. However, the token noted a 63% plunde since its inception. Meanwhile, today, the token appears to be trading with high volatility.
The Jupiter Project (JUP) price jumped 33.86% over the past 24 hours and is currently trading at $0.0112. Simultaneously, the token’s trading volume also noted a substantial 368.82% uptick as of press time.
Intriguingly, the price reached as high as $0.0265 today, birthing additional inferences for the upcoming launch. Meanwhile, the graph for total transactions on Solana also showcased a steady movement, further aligning with the Solana-based DEX’s optimistic launch.
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