Today, on January 31, 2024, Jupiter’s JUP token has secured its listing on Binance, the world’s largest cryptocurrency exchange, attracting widespread attention. Following its listing on Binance, JUP has experienced over 130% upside momentum. In a market where most cryptocurrencies are struggling to gain traction, JUP’s significant price movement has captured everyone’s attention.
Jupiter JUP gained over 130%, following its Binance listing
This is not the first time a newly listed or about-to-be-listed cryptocurrency on Binance gaining momentum. Previously, we witnessed a similar price surge with Solana’s BONK token when Binance listed it on its exchange. During BONK’s listing, it also gained over 120% in upside momentum.
Despite these listings, the Binance support team has mentioned that, as of now, the exchange has only added JUP to different spot trading pairs, including JUP/USDT, JUP/FUSD, and JUP/TRY. However, due to substantial investor interest in JUP, leading Korean exchange Bithumb will also introduce a Jupiter South Korean won trading pair on February 1, 2024.
Prior to its Binance listing, Jupiter’s JUP was available on major cryptocurrency exchanges such as Bilaxy, Uniswap v2, PancakeSwap v2 (BSC), Uniswap v3 (BSC), and PancakeSwap.
JUP price momentum and why investors interest in JUP
As of the current writing, Jupiter’s JUP is trading near $0.023, and in the last 24 hours, it has experienced over 130% upside momentum, according to data from CoinMarketCap. However, this significant move in JUP coincides with Binance’s announcement of its listing. On January 31, 2024, until 12:20 PM, JUP remained steady, but within three hours of the token listing update, it gained over 100% in upside movement.
Looking at JUP over a longer period, in the last 7 days, it has gained over 240% due to its quality project. Investors who entered JUP a week early have seen returns of over 240%, with its price moving from $0.005 to the current $0.023. Additionally, its 24-hour trading volume has surged by over 270%, reaching $4,472,562.
Recently, on January 29, 2024, Jupiter’s JUP gained 22% following the settlement of $500 million in trade settlements. Another reason why traders and investors are showing interest in JUP is its substantial Airdrop for Solana holders. As of now, the overall cryptocurrency market is down by 1.16%. Top cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), Solana (SOL), Binance Coin (BNB), and many others are continuously struggling to gain momentum in the last 24 hours.
