Binance Delays Solana-Based Jupiter Token Listing; JUP Price Plummets 50%

Jupiter JUP

Jupiter, a cryptocurrency exchange built on Solana’s blockchain, has recently made significant strides in the crypto space. With these advancements, many are wondering if its price will experience a surge.

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Solana-based decentralized exchange (DEX) Jupiter has caused a stir in the crypto market with its recent developments. The exchange has provided substantial airdrops to its users and gained significant attention with notable listings, captivating crypto enthusiasts globally.



Jupiter Token (JUP) Gains Momentum Ahead of Binance Listing

In recent days, Jupiter Exchange, built on the Solana blockchain, has emerged as a prominent player in the decentralized finance (DeFi) sector. The exchange has garnered attention as the most utilized trading platform within the DeFi ecosystem, drawing significant interest from crypto market participants.

The native token of Jupiter Exchange, JUP, has seen substantial progress in the past week, achieving two noteworthy milestones. Firstly, anticipation builds as JUP prepares for its upcoming listing on Binance, the world’s leading cryptocurrency exchange. Scheduled for January 31 at 15:30 UTC, spot trading for JUP will commence with trading pairs including JUP/USDT, JUP/FDUSD, and JUP/TRY, offering users increased trading opportunities.

The announcement of JUP’s listing on Binance has sparked optimism across the crypto market. Notably, Binance has waived the listing fee for JUP, reflecting the exchange’s support for the Solana-based DeFi protocol. Despite a brief delay of 30 minutes to ensure optimal trading conditions, excitement mounts as traders anticipate the JUP listing and its potential impact on the crypto landscape.

In addition to the listing, Jupiter Exchange’s community has garnered attention with plans for another airdrop, further fostering engagement and interest in the platform.

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Jupiter Exchange Initiates Airdrop Program for Existing Users

Recently, the Solana-based decentralized exchange (DEX), Jupiter, announced that existing users on its platform would have another chance to acquire JUP tokens through airdrops. According to the exchange’s statement, users can expect this opportunity every January, attracting crypto enthusiasts globally. However, new users will not be eligible to participate in this airdrop, as stated by the exchange.

Notably, Jupiter Exchange recently surpassed Uniswap V3 in 24-hour trading volume, according to data from CoinGecko. The data revealed a significant difference of nearly $15 million in trading volume between the two DEXs, drawing the attention of crypto market enthusiasts.

In another significant development, Jupiter Exchange has emerged as the most utilized trading platform in the decentralized finance (DeFi) sector, accompanied by the distinction of being the most utilized program on the Solana blockchain. This milestone underscores the platform’s growing prominence within the DeFi ecosystem and the Solana community.

Positive Market Sentiment Surrounds JUP Token Ahead of Listing

Despite the JUP token not being listed yet, market sentiment surrounding the token remains positive. Investors and enthusiasts alike are optimistic about the prospects of the token, fueled by the recent monumental developments within the Jupiter exchange ecosystem.

The ERC-20 Jupiter Project token (JUP) has experienced a notable surge in price amidst the Jupiter exchange’s recent advancements. Over the past 24 hours, the price of the Jupiter Project token surged by 33.86%, reaching $0.0112 at the time of writing. Additionally, the token’s trading volume saw a substantial uptick of 368.82%, indicating increased market activity and interest in the asset.

Interestingly, the price of the Jupiter Project token peaked at $0.0265 today, signaling further anticipation for its upcoming launch. Moreover, the graph depicting total transactions on the Solana blockchain displayed steady movement, reflecting the optimistic trajectory of the Solana-based DEX’s imminent launch.


Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.

 

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  • SHBAZ

    A crypto enthusiast, Loves to write, Loves to explore and stay up-to-date about the latest developments in the crypto world. #Btc #Crypto #NFT

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