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DeFi

Jupiter Prediction Market Will Launch on Solana

by Ouess
written by Ouess

Solana’s leading DEX aggregator is expanding into a exciting new territory. Jupiter has officially launched the beta version of its Jupiter prediction market, marking a significant move beyond simple token swaps. The first test market lets users bet on who will win this weekend’s Mexico Grand Prix, bringing real-world sports betting on-chain.

How the Jupiter Prediction Market Works

The new Jupiter prediction market functions similarly to established platforms like Polymarket. Users can trade YES or NO positions on specific outcomes—in this case, which Formula 1 driver will win the race. The prices fluctuate based on betting activity, and users can exit their positions anytime before the market resolves.

For this initial beta, Max Verstappen leads the betting with 47.6% odds, followed by Lando Norris at 27.3%. The market has already seen over $52,000 in volume within hours of launching, showing strong early interest. The platform is powered by Kalshi, a regulated U.S. prediction market operator, providing crucial liquidity and legitimacy.

The Bigger Prediction Market Picture

This Jupiter prediction market launch enters a rapidly growing sector. According to DeFi Llama, prediction markets now hold $242 million in total value locked, with Polymarket dominating nearly 90% of the market. The space has generated over $422,000 in fees just this past week, proving there’s real demand for these services.

Prediction market Protocols Source : DeFiLlama

The timing is particularly interesting as Polymarket itself is reportedly preparing to launch a native token. However, sources suggest this might be delayed until after the platform makes its potential return to the U.S. market, three years after its regulatory exit in 2022.

My Thoughts

This is a massive step for Jupiter in becoming a comprehensive DeFi hub rather than just a swap aggregator. By integrating prediction markets, they’re tapping into a proven use case with strong user engagement. While Polymarket currently dominates, Jupiter’s massive existing user base could quickly make it a serious competitor. This could be the feature that keeps users within the Jupiter ecosystem for more than just token swaps.

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JupUSD stablecoin
Story

Ethena & Jupiter Partner to Launch JupUSD Stablecoin

by Ouess
written by Ouess

Major news just hit the stablecoin space! Indeed, Ethena Labs has strategically partnered with Jupiter Exchange to create the new JupUSD stablecoin. This innovative asset will soon become the native stablecoin for Solana’s largest DEX ecosystem. Furthermore, it builds directly on Ethena’s powerful Stablecoin-as-a-Service framework.

JupUSD Stablecoin Set to Power Jupiter’s Ecosystem

The JupUSD stablecoin will integrate across Jupiter’s entire product suite. Initially, it will replace a massive $750 million in existing stablecoins within Jupiter’s core liquidity pool. Subsequently, it will also become the primary lending asset on Jupiter Lend. Consequently, this move solidifies JupUSD as a cornerstone decentralized stablecoin for the entire Solana network.

The stablecoin’s backing features institutional-grade quality. For starters, it will utilize USDTb, which BlackRock’s BUIDL fund nearly fully supports. Meanwhile, Ethena plans to gradually diversify this backing with its own USDe synthetic dollar. The team expects the official launch to occur within the next few months.

Ethena’s Rapidly Expanding Stablecoin Empire

This significant partnership dramatically expands Ethena’s whitelabel stablecoin program. Essentially, this service enables other protocols to launch their own institutionally-backed stablecoins easily. Therefore, Jupiter now joins a growing list of major protocols adopting this innovative model.

JupUSD stablecoin
Source : X

This collaboration highlights a crucial industry trend toward protocol-specific stablecoins. Moreover, it effectively bridges the gap between traditional finance and DeFi. By directly connecting BlackRock’s BUIDL fund with Solana, it brings strongly regulated assets on-chain in a transparent way.

Ethena founder Guy Swann recently discussed their ambitious growth trajectory. Currently, their stablecoin ecosystem holds about 5% of the total stablecoin supply. However, they project absolutely massive growth ahead. Specifically, Swann confidently expects their supply to exceed $50 billion within just two years.


My Thoughts

This partnership represents a strategic power move for both protocols. Since Jupiter already dominates Solana trading volume, creating its own native stablecoin generates incredible ecosystem lock-in. Additionally, the BlackRock backing adds serious institutional credibility that could attract traditional capital. Ultimately, this development might significantly accelerate Solana DeFi adoption across the board.

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Altcoin

Jupiter (JUP) Faces Bearish Outlook Amid Weak Market Sentiment

by Ouess
written by Ouess

The cryptocurrency market remains highly volatile, and Jupiter (JUP) is no exception. At the time of writing, JUP is priced at $0.5314, reflecting a 5.14% increase. However, its price action suggests a potential breakdown, with traders closely watching for signals.

A key technical indicator, the flag pattern, suggests that JUP’s price could drop to $0.41 if bearish momentum continues.

Flag Pattern Signals Possible Price Drop

Jupiter has formed a flag pattern on the chart, a common indicator of potential breakouts. Typically, this pattern follows a sharp decline, followed by consolidation, before another downward move.

JUP USDT Source : TradingView

If the breakout confirms, JUP could fall toward the $0.41 support level. Traders are monitoring price action closely, as further selling pressure could accelerate the decline.

Market Sentiment Remains Weak

Market sentiment toward Jupiter remains bearish. According to Weighted Sentiment data, JUP currently holds a negative score of -0.34479, reflecting declining investor confidence.

Market Sentiment Source : Santiment

Although sentiment has fluctuated recently, the overall trend remains weak. In addition, social volume and dominance metrics indicate fading interest in JUP. At press time, social volume was at 20, and social dominance stood at just 0.132%.

With such low engagement, a bullish rally appears unlikely unless sentiment shifts dramatically.

Development Activity Shows Moderate Growth

Jupiter’s development activity has remained at moderate levels. The latest data recorded a rise to 4.62 on March 22, suggesting continued interest in project development.

Development Activity Source : Santiment

However, the overall trend indicates a slowdown, which could contribute to JUP’s stagnant price movement. Whether development activity picks up enough to support a price recovery remains uncertain.

What’s Next for Jupiter (JUP)?

Given the current flag pattern, negative sentiment, low engagement, and moderate development activity, JUP appears to be facing further downward pressure.

If the breakout confirms, JUP’s price could head toward $0.41. Traders should remain cautious and monitor price action for signs of reversal or continued weakness.

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DeFi

Jupiter JUP Token Buyback Begins with $3.33M Repurchase

by Ouess
written by Ouess

Jupiter has officially launched its first JUP token buyback, repurchasing 4.88 million JUP worth $3.33 million, according to on-chain data. The buyback, which began on February 26, was confirmed by on-chain analyst AI姨 on X .

This initiative is part of Jupiter’s broader plan to use 50% of protocol fees for token repurchases, aiming to strengthen the token’s value.

How Jupiter’s Buyback Strategy Works

The buyback program, announced on February 13, is designed to reduce token supply by locking repurchased tokens for three years. This move is expected to create consistent buying pressure, helping prevent JUP from turning into a “value trap.”

https://twitter.com/ai_9684xtpa/status/1894587658359509255?s=46&t=nznXkss3debX8JIhNzHmzw

📌 Key Takeaways from Jupiter’s Buyback Plan:
✔ Total expected buyback in 2025: $50 million
✔ Jupiter’s 2024 revenue: $102 million
✔ Buybacks impact: ~2.7% of JUP’s $1.8 billion market cap

The crypto community has responded positively, seeing the buyback as a strong value-accrual strategy for long-term token holders.

Jupiter Remains Solana’s Leading DEX Aggregator

Jupiter continues to dominate as Solana’s top DEX aggregator, routing trades across Raydium, Orca, and other platforms to ensure the best exchange rates.

Source : DefiLlama

🚀 Revenue Growth Highlights:
✔ Jupiter Perps platform holds 80% of Solana’s perpetual DEX market
✔ 2024 revenue surged from $3M in January to $21M in December
✔ Memecoin trading, including the TRUMP memecoin boom, contributed $35.86M in fees

DeFi’s Growing Shift Toward Buybacks

Jupiter’s initiative aligns with a broader DeFi trend, where protocols like Aave and Ethena are implementing similar token value-accrual models. While the long-term impact remains uncertain, the move reflects a stronger focus on aligning tokenholder value with protocol growth.

With $50 million set aside for buybacks in 2025, will Jupiter’s strategy help drive long-term value for JUP token holders?

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Altcoin

Jupiter Token Surges on Buyback and Burn Plans

by Ouess
written by Ouess

Jupiter’s native token, JUP, has emerged as the top market gainer, climbing 6% in the past 24 hours. This performance defies the broader crypto market downturn.

Major Plans Propel JUP’s Value

Jupiter, a Solana-based decentralized exchange, recently concluded its first-ever “Catstanbul 2025” event. During the event, the platform’s pseudonymous founder, “Meow,” revealed two major initiatives aimed at enhancing JUP’s value and utility.

$3.6 Billion Token Burn

The platform plans to burn 3 billion JUP tokens, currently worth $3.6 billion. Meow explained that this move is designed to reduce emissions, increase certainty, and lower the token’s fully diluted valuation (FDV).

Buyback Program Announced

Additionally, Jupiter will allocate 50% of its protocol fee revenue to repurchasing JUP tokens. These purchased tokens will be held in a “long-term litterbox,” emphasizing the platform’s commitment to stabilizing the token’s value. The other half of the protocol fees will fund growth initiatives and operational stability.

Market Reaction to Jupiter’s Announcement

JUP reacted strongly to the announcement, hitting a 30-day high of $1.28 on Sunday. Buying activity has continued, with the token’s open interest rising to $364 million—a 25% increase over the past 24 hours. This indicates heightened market participation and strong bullish sentiment.

JUP Open Interest. Source: Coinglass

Further supporting the positive outlook is JUP’s funding rate, currently at 0.0074%. A positive funding rate signals high demand for long positions, as long traders are paying short traders, reinforcing the ongoing uptrend.

JUP Funding Rate. Source: Coinglass

JUP Price Forecast: Levels to Watch

As of this writing, JUP is trading at $0.95. If buying momentum persists, the price could climb to $1.08 and possibly reach $1.22 if bullish sentiment strengthens further.

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Altcoin

Jupiter Jupuary Airdrop: Claim Your Share of $575M JUP

by Ouess
written by Ouess

Jupiter, a leading DeFi protocol on Solana, has unveiled the details of its highly anticipated Jupuary airdrop. The claim process for the airdrop, valued at $575 million in JUP tokens, is set to go live on Wednesday at 3:30 PM UTC.

How to Claim Your Jupiter Airdrop

To mark the launch, contributors Kash Dhanda and Mei will host a special J.U.P Rally, welcoming participants to the “Jupiverse.” Users will have three months to claim their JUP tokens, ensuring flexibility to avoid network congestion and high gas fees.

https://twitter.com/JupiterExchange/status/1880030607285318054

This marks Jupiter’s second major token distribution. Last year, the protocol airdropped 1 billion tokens to 955,000 wallets. The 2025 Jupuary event aims to build on that success with a more extensive and strategic allocation.

Breakdown of JUP Token Allocation

https://twitter.com/JupiterExchange/status/1881685676087013741

A total of 700 million JUP tokens will be distributed on Wednesday, January 22, with allocations as follows:

  • 440 million tokens for active users
  • 60 million tokens for stakers
  • The remaining tokens reserved for growth campaigns, known as “carrots,” to attract new users

Tiered Token Distribution Model

Jupiter employs a unique tier-based distribution system that categorizes users based on their activity, such as swapping and testing new products. This approach prevents an uneven distribution that could overly benefit high-volume traders.

Examples of distribution by tier:

  • Expert Traders:
    • Top-tier: 300,000 JUP ($246,000)
    • Lowest-tier: 20 JUP (less than $20)
  • Swap Users:
    • Top-tier: 20,000 JUP ($16,400)
    • Lowest-tier: 25 JUP ($20)

Users who qualify under multiple categories will receive allocations for each, ensuring a fair and broad distribution while rewarding active participation.

Community Growth Beyond Token Distribution

The Jupuary airdrop is not solely focused on distributing tokens. Mei, a key Jupiter contributor, emphasizes the goal of fostering community growth and user education.

Market Impact and Upcoming Events

Despite the excitement around the airdrop, JUP token prices have dropped 7.5% in the past 24 hours, currently trading at $0.86.

The Jupuary airdrop leads up to Jupiter’s highly anticipated “Catstanbul” conference in Istanbul, scheduled for January 25-26. The event will highlight the protocol’s latest innovations and ongoing efforts to expand the Jupiverse.

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DeFi

Jupiter Faces Backlash Over Influencer Collaboration

by Ouess
written by Ouess

Decentralized crypto aggregator Jupiter is facing criticism after announcing a partnership with Irene Zhao, a Singaporean influencer known for her involvement in several controversial crypto activities.

Announcement Sparks Outrage

On July 22, Jupiter’s anonymous founder, @weremeow, announced the collaboration on X (formerly Twitter). The partnership aims to enhance the “meme coin meta” and provide support for traders. The founder claimed that this initiative would tackle major issues in the current meme coin environment, such as “fake wide distribution, sniping,” and “lying influencers.”

However, the announcement was met with immediate backlash. The crypto community accused Jupiter of endorsing questionable practices by associating with Zhao.

Accusations of Dubious Dealings

Blockchain investigator ZachXBT pointed out the irony of this collaboration, highlighting Zhao’s past with her project So-Col. ZachXBT alleged that Zhao engaged in opaque dealings, accusing her of deceiving early investors by making undisclosed agreements with DWF Labs.

In February 2023, DWF Labs invested $1.5 million in Zhao’s startup So-Col by purchasing SIMP tokens. Zhao had committed to a one-year vesting period for the tokens, ending in February 2024. However, blockchain data showed that DWF received over 3 million SIMP tokens in March, and soon after, transferred around 2.6 million SIMP to the KuCoin exchange.

Irene Zhao’s Controversial Past

Irene Zhao gained fame in early 2022 by selling her photos as NFTs, earning over $5 million. She later launched an NFT collection called IreneDAO, which initially surged to a price floor of 1.49 ETH. However, according to CoinGecko data, the collection has since plummeted to 0.05 ETH, an 87% decline from its peak.

Community Reaction

The crypto community’s reaction to Jupiter’s announcement highlights the ongoing concerns about transparency and trust within the industry. Many users believe that partnering with Zhao could harm Jupiter’s reputation and credibility.

Conclusion

Jupiter’s collaboration with Irene Zhao has ignited a significant controversy within the crypto community. As the debate continues, it underscores the importance of transparency and ethical practices in the rapidly evolving world of decentralized finance.

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Jupiter Co-Founder Defends Memecoins: Key Role in Crypto’s Evolution

by Ouess
written by Ouess

Memecoins have been a controversial topic, with many in the crypto community questioning their value and purpose. Despite this, the co-founder of Jupiter, known as Meow, defends their significance in the evolving crypto landscape.

Criticism of Memecoins

Memecoins like BOME and WIF on the Solana blockchain have been the subject of significant criticism. Many observers argue that this phase represents the strangest era in crypto history. They lament that, even as blockchain technology becomes ready for large-scale adoption, the focus has shifted from meaningful applications to what they see as trivial pursuits. This sentiment contrasts sharply with the innovation-driven periods of 2017 and 2021, when practical applications of blockchain technology were more prevalent.

Critics contend that the current trend toward quick profits and cash grabs detracts from the development of substantial and beneficial blockchain applications. They believe that the true potential of blockchain technology is being overshadowed by the pursuit of short-term gains.

Jupiter Co-Founder Defends Memecoins’ Role

Meow, co-founder of Jupiter, offers a different perspective. While he acknowledges the concerns, he argues that memecoins play a crucial role in the crypto ecosystem. Meow likens the early days of social media platforms like MySpace, which were initially seen as frivolous but eventually led to the creation of dominant social media platforms that shape global communication, commerce, and politics.

Similarly, Meow believes that memecoins, despite appearing trivial, are vital for exploring the potential and challenges of user-generated digital currencies. He explains that Jupiter’s approach to the crypto market is twofold. First, they aim to enhance the dynamics and ethos of the memecoin economy, fostering innovation and a robust environment. Second, they are committed to building the necessary infrastructure for a unified market, which he sees as the true pinnacle of financial innovation that will make crypto genuinely useful.

Meow emphasizes that technological progress is not linear and involves many unexpected developments. What may seem insignificant now could prove to be essential in the future.

Profits and Risks: The Memecoin Market Sentiment

Despite the inherent risks, investing in memecoins has been highly profitable for many investors since the beginning of the year. The market has seen its share of rug pulls and inefficient developers, leading to losses for some. However, certain memecoins on the Solana blockchain, such as BOME and WIF, have achieved remarkable success, with market caps exceeding $1 billion.

Dogwifhat (WIF) is one such memecoin that has shown significant price movement, currently trading at $2.45 with strong market support. Bonk (BONK) has also reached an impressive market cap of $1.59 billion and continues to trend upwards. Another notable memecoin, Wen (WEN), despite being down 74% from its all-time high, still holds a market cap of $96 million and shows potential for recovery.

The Solana memecoin market, and the broader memecoin phenomenon, offer both high profit potential and significant risk. Growing trading volumes indicate increasing investor interest in this sector.

Conclusion

While memecoins face significant criticism, they play a crucial role in the crypto ecosystem by exploring the possibilities of user-generated digital currencies. The success of memecoins like BOME and WIF on the Solana blockchain highlights their potential for substantial profits, albeit with considerable risks. As the market continues to evolve, memecoins may prove to be an essential part of the crypto landscape.

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Memecoin

Crypto Market Insights: Trends, Opportunities, and Potential Winners

by Ouess
written by Ouess

Cryptocurrencies like Solama (SOLAMA) and MemeAI (MEMEAI) have grabbed attention with staggering surges exceeding +2300% this week, sparking curiosity about potential future stars.

Among the contenders, Ethereum, a prominent cryptocurrency, is forecasted by analysts to soar to $10,000 at the peak of its cycle, a prediction echoing significance in the dynamic realm of crypto investments.

BlastUP Presale Surpasses $1 Million: Eyes on Crypto’s Next Big Player

BlastUP, a leading launchpad on Blast, has emerged as a standout in the crypto landscape, raising over $1 million in just a few weeks. This project is gaining traction among early investors who recognize its immense potential.

BlastUP is poised for success, aiming to revolutionize Web3 tools with AI innovation for streamlined startup launches. Offering a robust suite of tools and a rewarding system, it presents an enticing opportunity for investors.

Currently in its fourth presale stage, BlastUP tokens are available at the lowest price of $0.05, offering a significant discount from the listing price of $0.1.

BlastUP token holders stand to benefit from various privileges, including token sale allocations, exclusive loyalty rewards for participating in IDOs, and staking rewards.

With a mission to accelerate the growth of blockchain startups, BlastUP is positioned as a major player in the crypto space. Backed by a dedicated team, it aims to become the go-to launchpad for seamless entry into the crypto market.

SEI’s Growth Potential Eyes $1.27 Amid Market Fluctuations

SEI has seen moderate growth recently, positioning itself well in the market. Short-term forecasts suggest potential highs reaching $1.05 and possibly $1.27 if momentum persists. However, long-term perspectives should consider potential downtrends, with support levels at $0.60 and $0.36.

Jupiter’s Solana Token Launch: Forecast and Market Analysis

Jupiter’s involvement in the upcoming Solana token launch positions it for growth, with a current price of $0.77. Short-term outlook suggests a push towards $0.81, while long-term prospects indicate support levels at $0.42 and $0.3.

Optimism Crypto Targets Resistance Levels

Optimism has surged past $4, aiming for resistance levels at $4.32 and $4.95. Short-term volatility may lead to a pullback to $2.95, with long-term averages indicating strong prospects.

Conclusion

While SOLAMA, MEMEAI, SEI, and Optimism have shown impressive gains, BlastUp stands out for its potential in the crypto market. With a unique concept, robust tools, and rewards system, it offers promising returns for investors seeking high-potential opportunities.

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Altcoin

The Effect of Jupiter ‘s $JUP Token Launch on the Solana Network, and on Ethereum

by Ouess
written by Ouess

Yesterday January 31st Jupiter has launched successfully its token $JUP on the solana ecosystem .

JUpiter Successful launch

The JUP launch was successful, Jupiter’s airdrop — one of the largest ever to occur on Solana — went off without a hitch, according to a Solana Foundation executive.

According SolanaFloor on its X account to 605 million out of 1 billion $JUP has been claimed. 60.54% wallets have claimed their $JUP airdrop. they have reported also that has surpassed $700 million in 24 hour on-chain trading volume. Those numbers has made JUP becomes 3rd largest coin on solana by 24-hour on-chain trading volume.

@JupiterExchange has surpassed $1B in 24-hour trading volume which it made the exchange the #1 DeFi platform across all chains and it flipped UNISWAP.

Impact on Solana Network

According to the official X account of @MayanFinance $5.75 million bridged from Ethereum to Solana via Mayan Finance over the past 24 hours.

and according to DefiLlama Solana had $197 million in Stablecoins of inflow on January 31st. One of the Largest inflow in 18 months.

We should also mention that according to StepFinance the daily Active Addresses on hit a one-year high on $JUP launch day which made Solana seizes the #1 spot with the highest Daily Active Addresses across all chains.

All of those numbers made Solana flip Ethereum in 24-hour DEX trading volume.

We hope that all of those numbers will help you in your analysis and you should always remember to DYOR.

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