Jupiter, a prominent cryptocurrency, has surged by 11% in the past day, leading gains among the top 100 cryptocurrencies. The token is currently trading around $0.6448. This rally is part of a broader momentum within the Solana ecosystem, driven by the launch of Jupiter’s new lending product.
Crypto trader Gnarleyquinn highlighted on X that the “jup-gap,” a price zone where JUP had previously moved quickly without much trading, was finally reclaimed. After several failed attempts, the token cleared this area in just one day, reaching the $0.65 level, signaling renewed strength.
Jupiter’s recent move is closely tied to the strong performance of the Solana ecosystem. Solana’s total value locked (TVL) has climbed to $10.26 billion, its highest level in six months. Jupiter Exchange holds $2.90 billion of that TVL, making it the second-largest DeFi platform on Solana, just behind Jito Sol.
Last week, over $180 million in…
