Jupiter Price Prediction: JUP Surges 15% After $3 Billion Burn And Buy Back Plans Revealed As This Solana Layer-2 ICO Surpasses $15.5 Million
The Jupiter price surged more than 15% in the last 24 hours to trade at $1.16 as of 9:56 p.m. EST as investors go long on the altcoin. This jump in the JUP price comes after the project’s founder, who goes by “MEOW” online, announced plans at the Catstanbul 2025 event for a $3 billion token burn and revealed that the platform will use 50% of its fees to buy back tokens. 🚨JUST IN: @JUPITEREXCHANGE'S FOUNDER, "MEOW," ANNOUNCES A $3B $JUP TOKEN BURN AND REVEALS THAT THE PLATFORM WILL USE 50% OF ITS FEES TO BUY BACK JUP TOKENS — BSCN Headlines (@BSCNheadlines) January 27, 2025 Jupiter Price Approaching Resistance 1-hour chart for JUP/USD (Source: GeckoTerminal ) The Jupiter price is attempting to overcome the resistance level at $1.1926 after printing multiple higher highs and higher lows on the 1-hour chart in the last few hours, according to GeckoTerminal data . Should the altcoin manage to break above this barrier within the next 4 hours, it coul...