Hello, cryptocurrency fans. Are you ready to enjoy exciting deals? Jupiter Exchange ($JUP) will make your dreams a reality! We keep things light, easy, and super fun!
We have been closely monitoring $JUP since the last airdrop. And here’s what happened:
Jupiter Update
The Bitcoin market has been a bit rough recently, causing some turmoil for Jupiter. But don’t worry. Your funds are safe with us! Founder Meow is committed to providing the right services to users.
The perpetual futures exchange is back up and running smoothly after a brief issue. Crazy demand? Yes, that’s exactly what the demand for Jupiter is! And Bitcoin has taken us all down a rocky road. But that’s cryptocurrency for you!
There was some congestion at our oracle, but it seems to have been resolved and transactions are now possible.
$JUP Price Action
After the January airdrop we saw a typical airdrop decline. People tend to take free money and benefit immediately.
However, as Bitcoin got closer to its previous all-time highs, the $JUP price began to follow suit.
As you can see, the price action started in January around $065 and wicked to $0.75. Due to the drop in airdrops, the price fell to $0.46 at the end of February.
Today we are back at $0.70 and will start testing new highs.
You can buy/sell/trade $JUP on Bybit.
Where will it end? I currently have 10,000 $JUP. I got 3200 from the airdrop and bought the rest at $0.50 level. When a fairly new coin enters “price discovery” during a bull market, it can be very volatile – in a good way. Therefore, I’m going to hug it and enjoy the ride for a bit.
When Uniswap $UNI fell in 2020, the price multiplied 15x after recovering from the initial airdrop drop.
In this case, I ended up purchasing CoinSpot. In situations of high volatility, spot buying is preferred because there is a high possibility of upside. This is to prevent the SL from hitting the big red candle. As always, no financial advice or anything. Do what suits your wallet.
Jupiter Airdrop
Jupiter users were recently blessed with Airdrop news. Wormhole used DEX as a basis for receiving $WORM airdrops for Jupiter users. go check it out If you qualify here.
Additionally, Jupiter will conduct a second airdrop in January 2025. All volumes on the DEX are reflected in this.
final thoughts
Despite some challenges, Jupiter Exchange is still the place to find all things Solana cryptocurrency. Perfect for degenizing your favorite Sol meme coins like $BONK and $WIF.
If you like our content, you can support us by signing up for a Bybit account through our referral link. Don’t forget to claim your bonus if you buy/sell or trade cryptocurrencies.
You may also like our blog about meme coin prizes and latest deals on $SOL.
