📢 Cryptocurrency and Blockchain News! 🚀

🔹 Jupiter (JUP) token retreated to $0.08 despite Solana ecosystem transactions growing 18% in the last 7 days, reaching $5.27 billion.

🔹 Solana overtook Ethereum, whose transaction volume fell 29% to $5.1 billion.

🔹 Jupiter processed $587 million worth of tokens on September 23, with a 37% market share and over 10,400 active wallets.

🔹 Other Solana DEX networks such as Raydium, Orca, and Meteora also saw volume growth.

🔹 Jupiter recently acquired SolanaFM, which should help with infrastructure development.

🔹 The challenge for Jupiter is the high concentration of token ownership: 92% of all tokens are held by 10 addresses.

🔹 On the daily chart, Jupiter has found strong support at $0.6577 and is likely to resume its uptrend.

💬 Share your thoughts in the comments! What do you think about the future of Jupiter and Solana?