Jupiter Price Holds Steady as Excitement Builds Around Jupiter Lend’s Beta Launch
The Jupiter Prize has maintained a steady value of almost $0.50 US dollars, driven by the growing excitement surrounding Jupiter Lend’s beta launch, which introduces a new loan protocol that expands the use of Jup and strengthens its role in Solana Defi.
JUP has been trading at $0.5082, with a significant increase in trading volume of 80% to $97.6 million. The launch of Jupiter Lend’s beta has introduced over 40 vaults, reduced liquidation penalties, and $2 million in incentives, making it an attractive option for users. Additionally, Jup can now be used as collateral, which may deepen the benefits of the ecosystem.
Ramping Up on Jupiter Lend
Jupiter announced the public beta launch of Jupiter Lend on August 27th, in a post on X. The credit protocol, developed in partnership with Fluid Defi, offers a comprehensive range of lending and borrowing markets for Solana. Its unique feature is the combination of automated vaulted yields and isolated loan pools, allowing users to optimize returns and manage risk more effectively.
With over 40 vaults going live at launch, users have access to a variety of assets. The protocol also introduced lower liquidation penalties, a feature that reduces the punishment for borrowing and aims to increase user loyalty. The rollout was accompanied by $2 million in incentives from Jupiter, Fluid, and its partners to attract early adopters and bootstrap liquidity. The ability to use Jup as collateral increases its role in the ecosystem and provides token owners with more flexibility.
Technical Analysis of Jupiter
Technically, JUP is consolidating with mixed indicators around $0.50. While momentum measurement values are slightly optimistic, the relative strength index is 51, indicating neutrality. The longer 200-day average values are still bearish, reflecting the overall trend since January, while the short-term average values (10-100 EMA and SMA) indicate upward support.
Jupiter Daily Chart. Credit: Crypto.news
The support is around $0.46, while the key resistance is almost $0.54, a level that was tested last week. If the support is not maintained, the token could return to the range of $0.44 to $0.45, but a clear break above resistance could create space towards $0.60. For more information on Jupiter’s price and the launch of Jupiter Lend’s beta, visit https://crypto.news/jupiter-price-jupiter-lend-beta-launches-2025/
