Is Jup the next Uni?
As Solana meme coins pumping one by one, the native token of Solana’s largest decentralized exchange Jupiter is going to the moon!
Jup is 90% up in a month and the trading volume of Jupiter is 400 million dollar in the last 24 hours, representing a 40% increase from one day ago and signalling a recent rise in market activity and the market cap is almost 1.3 billion dollar
Plus Jupiter stands a good chance of catching up to Uniswap in this bull market as the Solana ecosystem grows exponentially.
Last month, Jupiter’s pseudonymous founder Meow! announced that Jupiter community members would soon get to decide which of a handful of pre selected Solana based projects should win the opportunity to launch native tokens via LFG. Today, that day arrived and community members also learned that they stand to earn sizable rewards by participating in the process.
voters will also receive monetary rewards for their participation in the LFG selection process. 100 million JUP, as well as 75% of launchpad fees from future LFG launches, have been earmarked for distribution to DAO voters. Those rewards will be distributed quarterly.
airdrop was terrible strategy and that's why the chart looks like this and paper hands dump the early days and made that unnecessary see pressure. most indicators are bullish and the next target is 1$