- Jupiter’s price surged nearly double digits in 24 hours, reaching $0.67.
- This gain followed Jupiter allocating $150 million in USDC to lending.
- “JLP Loans bring a novel approach to DeFi lending and unlock new use cases for JLP,” the DEX protocol said when announcing the lending feature.
The price of Jupiter (JUP) jumped 9% over the past 24 hours while trading volume spiked 258% to more than $322 million, nearly tripling activity.
At the time of writing, JUP trades around $0.64, up 33% for the week and close to the intraday high of $0.67.
With Jupiter Exchange — Solana’s leading decentralized exchange aggregator — experiencing major growth, many are asking whether the native JUP token is poised to challenge the key $1 level.
Jupiter Allocates $150M to JLP Loans
On July 22, the Jupiter team announced it had allocated a $150 million USDC reserve to support the Jupiter Liquidity Provider (JLP) feature in response to community demand.
The funds were directed to JLP Loans, enabling users to deposit JLP tokens as collateral and borrow USDC against their positions.
The announcement spurred heightened interest across the market and contributed to JUP’s price increase.
You asked, we delivered.
An additional 150m USDC has been allocated to JLP Loans, allowing more users to borrow liquidity against their yield-bearing JLP.
JLP Loans have an elegant implementation: in the event of a liquidation, rather than forced market selling, the JLP is…
— Jupiter (🐱, 🐐) (@JupiterExchange) July 21, 2025
“Most protocols rely on forced market sales for liquidation. When a threshold is breached, collateral is sold on the market, creating volatility and impacting all participants. But JLP is backed by a pool of assets rather than a single token, and because the protocol itself holds those underlying assets, liquidation does not require external market sales,” the DEX explained.
Market participants have reacted positively to Jupiter’s strategic positioning in the lending sector. By combining trading, liquidity provision, and lending, the project is positioning itself as a key ecosystem player.
That momentum helped Jupiter’s total value locked climb sharply toward $3 billion. TVL stood at roughly $2.1 billion as of June 22, 2025.
JUP Price Outlook: Bulls Eye Key Levels
The JUP token has been recovering steadily since hitting a low of $0.30 in April 2025.
Despite being far from the $2.04 peak seen in January 2024, the current price reflects about a 110% increase from recent levels, according to CoinMarketCap.
Technical indicators point to strong bullish sentiment around JUP, driven in part by broad gains across many altcoins.
If JUP breaks above $0.70, buyers could target $0.85 next, and a successful push beyond that could make the psychologically important $1 level attainable.
Jupiter’s recent bullish reversal is supported by several positive fundamentals, including strong Q2 performance and new product rollouts.
Notable catalysts include the announcement of Jupiter Lend and a generally optimistic outlook for DeFi.
Jupiter has recorded impressive usage metrics, including $142 billion in trading volume, $82.4 million in fees, and over 8 million active wallets.
Broader market strength — with Ethereum trading near $4,000, Solana targeting new breakouts, and XRP hovering near all-time highs — also aligns with bullish momentum for JUP.