🚀 Jupiter Leads in Revenue
In the past 24 hours, Jupiter (JUP) outpaced Pump.fun in revenue, logging $2.73M vs. $2.42M. This shift suggests users are favoring Jupiter’s features and incentives.
💰 Massive Buyback During Market Dip
Jupiter Exchange bought back 5M JUP tokens in just 20 hours using protocol fees. This bold move aims to stabilize the token amid market uncertainty by reducing circulating supply.
📈 Will Buybacks Fuel a Price Surge?
If demand holds steady, fewer tokens in circulation could push JUP toward $1.40, its December 2024 high. However, if market sentiment remains weak, the buyback may have limited impact on price recovery.
📊 Key Support & Resistance Levels
JUP has stabilized at $0.70, a critical support zone. A positive shift in market sentiment could drive it toward $1.40, but further dips may send it toward $0.60 or lower.
⚖️ Strategic Play or Risky Bet?
Jupiter’s buyback strategy highlights how exchanges can influence token economics. Sustained buybacks could boost investor confidence, but failure to maintain momentum might weaken price support.
⚠️ Disclaimer:
This post is for informational purposes only and does not constitute financial advice or endorsement.