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Jupiter (JUP) Jumps 15% After Launching High-LTV DeFi Lending Protocol

  • Jupiter (JUP) price surged 15.45% to $0.6109 following the launch of Jupiter Lend, introducing 90% LTV and 0.1% fees in DeFi.
  • Market cap and trading volume increased by 15.44% and 254.44% respectively, pushing Jupiter's valuation to $1.77 billion with a total volume of $179.65 million.
  • JUP has 2.89 billion tokens in circulation out of 6.99 billion total, with a max supply of 10 billion; the price spike followed the Jupiter Lend announcement at the Solana Accelerate conference.
  • Technical analysis suggests a bullish continuation for JUP as RSI nears overbought territory, forming a golden cross at $0.5732 and potential short-term targets at $0.650 or $0.540.

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