Jupiter’s JUP token surged by over 12% in 24 hours, with weekly gains exceeding 15%, while daily trading volume jumped by 109% to more than $80 million. This rally is driven by a robust buyback program: 143,572 tokens were repurchased in one day, bringing the monthly total to 1.013 million tokens, with total accumulation in the Litterbox Trust reaching 165.637 million tokens. Discussions around the Solana ecosystem and Anatoly Yakovenko’s criticism of Robinhood have also fueled momentum around the token. Technically, JUP is attempting to break through a rising trend channel in place since August 21, with the Stochastic RSI at 73 and net buying volume of 1.81 million tokens, but the price must hold above the $0.25 resistance level to confirm the uptrend.
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