Jupiter’s native token $JUP is stealing the spotlight with a solid 6% gain in the past 24 hours—outperforming the broader market slump. The key? Bold moves from the team and strong community support.

🔑 What’s driving the surge?
1️⃣ $3.6 Billion Burn: Jupiter is set to burn 3 billion JUP tokens, reducing emissions and boosting value. 🌪️
2️⃣ Buyback Power: 50% of protocol fees will now be dedicated to buying back JUP from the market, ensuring long-term support. 💰

💡 The pseudonymous founder ‘Meow’ confirmed these moves at the first-ever ‘Catstanbul 2025’ event, solidifying Jupiter’s commitment to sustained growth and stability.

📈 Current Stats:

- Price: $0.95

- 30-Day High: $1.28

- Open Interest: $364M (+25%)

- Funding Rate: 0.0074% (Strong Bullish Bias 🚀)

With buying activity gaining momentum, analysts predict JUP could test $1.08 and potentially hit $1.22 if bullish sentiment holds. However, a trend reversal could bring support back to $0.95 or even $0.81.

💬 Are you Bullish on JUP? Let me know your price target in the comments!