Solana DEX Jupiter’s JUP Token to Debut With 1.35B Circulating Supply
The JUP-USD perpetual traded at 65 cents on Aevo at press time, implying a market capitalization of $700 million at the inception.
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The JUP-USD perpetual traded at 65 cents on Aevo at press time, implying a market capitalization of $700 million at the inception.
The burn turned out to be a “sell the news event” as traders had already accounted for the purge – and then some.
The decentralized exchange settled over $500 million in trades on Sunday, briefly becoming the biggest DEX platform.
Saga phone (Danny Nelson/CoinDesk)
Dialect Operator’s interface (Danny Nelson/CoinDesk)
Scenes from a Solana hacker house (Danny Nelson/CoinDesk)
CoinDesk 20, a liquid index of the highest traded tokens, slumped 2.86% in the past 24 hours.
A bump in network activity and usage could contribute to an upside for Solana’s SOL tokens.
The Saga smartphone. (Danny Nelson/CoinDesk)
The Solana ecosystem boomed in December as bonk tokens started a multiweek run of over 1,000%, grabbing listings on influential exchanges Binance and Coinbase.