The native cryptocurrency of Jupiter Exchange, the Jupiter token (JUP), gave rise to a tidal wave of rumors on Monday throughout the world of cryptocurrencies as a result of its continuous price flux momentum and the recent accomplishments made by its community. The JUP coin had an extremely erratic day, according to statistics from CoinMarketCap. As of the time of writing, it has gained about 1% to reach $0.5455. But since its launch, it seems that the token has mostly been trading in the red. The community surrounding the JUP token, meantime, highlighted recent advancements, demonstrating the Solana-based project's flawless operation within the DeFi domain.
Furthermore, well-known cryptocurrency market enthusiast Marc Colcer expressed his optimistic views on the DEX Jupiter Exchange, garnering a lot of attention throughout the world.
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The JUP Community Highlights the LFG Launchpool's Easy Going
The creator of the DEX, who goes by the alias Meow, claims in a recent post that the community's LFG launchpool is operating as planned and serving as a fallback liquidity pool.
Meow's data indicates that there is currently 74 million USDC in the team liquidity pool balance, which is subject to change based on the price of the JUP token. This represents a storm of advances for the DEX, establishing it as a liquidity-focused, transparent, and community-friendly system.
The founder also revealed that launchpool costs have not altered from previous days, stating that 75% of launchpool payments go to the DAO in order to fund operational expenses.
Furthermore, Marc Colcer recently declared his extreme bullishness on Meow and the Jupiter Exchange, which brought significant attention to the DEX. By claiming to have been using it ever since he arrived in Solana, he stoked hopes for the project. When promoting Solana to a new person, the enthusiast consistently mentions it as one of the first platforms.
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JUP Price: Report
The price of JUP saw an increase of 1.25% in the previous day as of this writing, and it is presently trading at $0.5455. But because of its recent start and speculative trading throughout the market, its price chart seems to be showing quite the flux lately. In addition, the market capitalization of the token increased by 1.35% to $737.99 million today. However, the trade volume fell 18.73% to $273.95 million.
Notably, the creator recently addressed the price swings of JUP, leading to further implications for the token.
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