The price of Jupiter (JUP) has surged past $0.60, with aspirations to reach $1. Following a significant upward trend over the past month, JUP is poised for growth, especially in light of the forthcoming launch of Jupiter Lend, which could catalyze further momentum.
Recent Price Movements Indicate Strong Momentum
Jupiter (JUP) has experienced a remarkable 11% increase in the last 24 hours, as well as a 21% rise over the past week, reaching a peak of $0.64. The token, associated with a decentralized liquidity platform, is ranking among the top gainers in the cryptocurrency market according to CoinMarketCap.
With Bitcoin reaching an all-time high, renewed interest is emerging for altcoins, including JUP, as observed with similar gains seen in other DeFi projects like Hyperliquid.
Jupiter Targets Growth Amid DeFi Expansion in Solana
The recent surge in Jupiter’s price can be largely attributed to the project’s latest announcements. Capitalizing on the growth potential within decentralized finance (DeFi), Jupiter is set to launch a new lending product—Jupiter Lend—this summer.
Details released by Jupiter Exchange indicate that JUP is poised to become integral to Solana’s DeFi landscape, especially following a promising partnership with Fluid, a DeFi protocol aimed at facilitating mass adoption.
If successful, the summer launch of Jupiter Lend could pose a significant challenge to Kamino Finance, which currently leads the Solana lending market with a total value locked (TVL) of $2.6 billion.
Jupiter’s initiative aims to utilize Fluid’s dual-layer architecture to create a platform that promises instant liquidity, enabling users to borrow against their cryptocurrencies. Currently, Jupiter stands as a major DEX aggregator on Solana, boasting a TVL of $2.67 billion.
Price Forecast: Can JUP Reach $1 in May?
As of now, the price of JUP hovers around $0.61, a notable improvement from its recent low of $0.54 observed on May 22, 2025. With just over a week left in May, bullish investors are eyeing a favorable close amidst heightened interest from institutional Bitcoin investors.
Since hitting $0.60, JUP has surged over 100% from its low of $0.30 recorded on April 7. The token also benefitted from a buyback program initiated in February, indicating renewed bullish sentiment.
The daily chart for JUP reveals promising signals, including the relative strength index and moving average convergence divergence pointing towards upward price action. A breakthrough at $0.83 could propel bullish momentum towards the psychologically significant $1 mark or higher.
Conversely, if JUP dips below $0.57, a retreat to support levels around $0.47 could follow.
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