JUP

Jupiter (JUP) has a total supply of 10 billion JUP, of which the developers proposed to burn 30% (3 billion) of JUP tokens, worth $2.47 billion. The proposed burn is said to be considered from the team allocation, where the top 10 holders hold 90% of the supply.

This scarcity factor could be the catalyst that takes JUP out of its bullish trend. The JUP burn update has awakened the bulls, leading to an increase in the price, TVL, and trading volume on the Jupiter exchange.

As can be seen on DeFilama, the total locked value (TVL) of JUP has increased by nearly 5%, from $395 million to $399 million. Moreover, the Dex trading volume of JUP has increased by 100% in the past few days. Moreover, the overall trading volume on the Jupiter exchange has increased by 25%.  

If these factors continue to play out, JUP is likely to enter the $1 zone soon. #JUP.智能策略库🥇🥇 #美联储何时降息？ #币安合约锦标赛 #meme板块关注热点