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.
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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