JUP Surges 16% as Jupiter Lend Launch Announcement Ignites Strong Market Rally and Record Volume

Jupiter (JUP) is currently trading at $0.6100 with a 24-hour price increase of 16.46% and strong trading volume, reflecting heightened market activity and a market cap of approximately $1.78 billion. The recent surge in JUP’s price is primarily attributed to the announcement of Jupiter Lend, a new lending and vault protocol set to launch this summer, which has driven significant buying interest and pushed the price above previous resistance levels. Positive sentiment in the broader altcoin market, influenced by growth in Solana’s DeFi ecosystem and overall market momentum, has also contributed to JUP’s strong performance over the past 24 hours.