- Jupiter price was up by nearly double digits in 24 hours as it reached $0.67.
- Gains came as Jupiter allocated $150 million USDC to its lending offering.
- “JLP Loans bring a new and innovative approach to DeFi lending, unlocking a new use case for JLP,” the DEX protocol said as it unveiled the lending feature.
Jupiter (JUP) price has jumped by 9% in the past 24 hours, with trading volume nearly tripling as it jumped 258% to over $322 million.
JUP’s price swung around $0.64 at the time of writing, up 33% in the past week and just off the intraday highs of $0.67.
But with Jupiter Exchange, Solana’s top decentralised exchange aggregator, experiencing significant growth, is the native JUP token poised to break through to the key level of $1?
Jupiter adds $150 million USDC to JLP Loans
On July 22, the Jupiter team revealed that it had acted on community demand by allocating $150 million in USDC reserves to support the Jupiter Liquidity Provider feature.
The funds go to JLP Loans, allowing users to deposit their JLP tokens as collateral to borrow USDC.
Increased interest amid overall market exuberance has helped JUP’s price higher.
You asked, we delivered.
An additional 150m USDC has been allocated to JLP Loans, allowing more users to borrow liquidity against their yield-bearing JLP.
JLP Loans have an elegant implementation: in the event of a liquidation, rather than forced market selling, the JLP is… https://t.co/pzxi4PrVit
— Jupiter (🐱, 🐐) (@JupiterExchange) July 21, 2025
&
“Most protocols rely on forced liquidations through market selling. Once the threshold is crossed, your collateral is sold on the market, creating volatility and affecting everyone involved. But because JLP is backed by a pool of assets rather than a single token, and the protocol itself holds these underlying assets, liquidations don’t require external selling,” the DEX noted.
Market participants have responded positively to Jupiter’s strategic positioning within the lending sector.
With trading, liquidity provision, and lending integrated, the project is positioned as a critical player in the ecosystem.
This has seen the total value locked on Jupiter surge to hit $3 billion. TVL stood at around $2.1 billion on June 22, 2025.
JUP price forecast: Bulls target key level
The Jupiter token has bounced nicely since hitting lows of $0.30 in April 2025.
According to CoinMarketCap, the rebound reflects a 110% uptick at current price levels, despite bulls remaining well off the peak of $2.04 seen in January 2024.
However, technical indicators suggest a strong bullish sentiment surrounds the& JUP token &- largely as most altcoins post gains.
In this case, a break above $0.70 could allow buyers to target $0.85 and then the psychological barrier at $1.
Jupiter’s latest bullish flip is down to key positive metrics such as strong Q2 results and new product launches.
This includes unveiling of Jupiter Lend and overall optimism across DeFi.
Notably, Jupiter has seen $142 billion in transaction volume, $82.4 million in fees, and over 8 million active wallets.
Market dynamics that have Ethereum eyeing $4k, Solana targeting a fresh breakout to $300 and XRP poised near its ATH also align bullish for JUP.
The post JUP price surges as Jupiter allocates $150M USDC to JLP Loans appeared first on CoinJournal.
You can get bonuses upto $100 FREE BONUS when you:
💰 Install these recommended apps:
💲 SocialGood - 100% Crypto Back on Everyday Shopping
💲 xPortal - The DeFi For The Next Billion
💲 CryptoTab Browser - Lightweight, fast, and ready to mine!
💰 Register on these recommended exchanges:
🟡 Binance🟡 Bitfinex🟡 Bitmart🟡 Bittrex🟡 Bitget
🟡 CoinEx🟡 Crypto.com🟡 Gate.io🟡 Huobi🟡 Kucoin.
Comments