$JUP ITER GOATs 🐐 Back in tranches, #DLGH on jups, @CoinMarketCap w #CMCAI wanna do for you A$ Deep As Possible Deep Dive 👇👇👇
1. Sentiment overview
Traders are cautious after JUP’s 10% drop to $0.54 (29 July), driven by profit-taking and a $32M token unlock. However, bullish narratives persist:
• Solana validator growth: JUP became Solana’s 7th-largest validator node (Foresight News), boosting confidence in its ecosystem role.
• Technical resilience: The Money Flow Index (62.70) and positive funding rates (0.0027%) suggest liquidity inflows could reverse the dip (AMBCrypto).
2. Key discussion themes
• Token unlock impact: 53.47M JUP ($32M) entered circulation on 28 July. While some fear dilution, demand absorbed the supply without a major crash, with JUP up 42% monthly (CCN).
• Solana’s DeFi dominance: JUP benefits from Solana’s $12B TVL (+23% MoM) and Jupiter’s $142B Q2 volume (JupiterExchange). Traders debate whether JUP can capitalize on Solana’s meme coin-driven growth, which contributed 62% of network revenue.
3. Influential perspectives
• Ali (@ali_charts): Highlights $0.63 as critical resistance; a close above could trigger a rally to $0.76 (CryptoNewsLand).
• Community concerns: DAO governance remains paused until 2026, raising questions about decentralization but allowing focus on product launches like Jupiter Lend (90% LTV loans).
Conclusion
JUP’s trajectory hinges on balancing token unlock sell-pressure with Solana’s DeFi momentum and technical rebound signals. Can JUP’s validator node growth and lending protocol offset dilution fears post-unlock?
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