The Solana ecosystem is experiencing a surge, with SOL price pumping this week and approaching the $200 mark. As often happens, several coins within the Solana ecosystem are following suit.

Jupiter (JUP) is one such coin. The JUP price has seen a significant increase, pumping over 13% today and now trading above the $1.15 area.

The reason for this pump is likely straightforward – JUP is simply following Solana’s upward trend. However, there’s also an important week ahead for Jupiter.

According to a prominent crypto analyst with over 700,000 followers, Jupiter has a packed schedule for the upcoming week. The agenda includes the release of a JUP essay on Monday, followed by a community audit of JUP distribution on Tuesday.

Midweek will see a token supply reduction proposal, with voting taking place on Thursday. Discussions are planned for Friday and Saturday, with the week concluding on Sunday.

Super important week coming up for JUP:Mon: JUP EssayTue: Community audit for JUP distributed to dateWed: Token supply reduction proposal Thu: VoteFri-Sat: DiscussionsSun: Conclude By the end of next week, we should all have an strong understanding n alignment.J4J

— meow 喵 (@weremeow) July 26, 2024

By the end of this crucial week, the Jupiter community is expected to have a stronger understanding and alignment regarding the project’s direction.

If Jupiter’s upcoming week unfolds favorably, we might see JUP revisit the $1.5 area and potentially approach its all-time high (ATH) of $1.8. It’s worth noting that the price faced rejection in this area back in April.

Read also: How Many Ripple (XRP) Tokens Do You Need to Retire?

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