Jupiter jumps 11% to 10-month high as tokenized stocks boost demand

  • Jupiter cleared $0.30 resistance and reached a 10-month high of $0.31.
  • JUP traded near $0.30, with daily gains reported at 11% and 15%.
  • Jupiter commands 18% of Solana equities volume and over 28% of lending deposits.

Jupiter's JUP token extended its advance, breaking above the $0.30 resistance level and reaching a 10-month high of $0.31. It was trading near $0.30 and up 11% on the day, while a separate daily-chart reading cited a 15% gain. CoinMarketCap data showed its market capitalization had reclaimed $1 billion. The rally has coincided with growth in tokenized stocks on Solana, where the total supply exceeded $620 million, according to Blockworks. Jupiter accounts for 18% of Solana's equities volume and more than 28% of tokenized equities deposited in lending protocols. Although Jupiter is not an AMM (automated market maker), Solana's order flow is routing hundreds of tokenized stocks through the ecosystem, helping restore demand for the protocol. Capital flows have also turned supportive: USD inflows reached $34.3 million on Sept. 21, resuming the trend seen on Sept. 19, according to DefiLlama. Transactions reached a record 620.2k, indicating elevated network activity. Buyers have controlled exchange activity for four consecutive days, while JUP's MACD (momentum trend indicator) formed a bullish crossover a day earlier. If demand remains firm, the token could hold $0.30 and target $0.35, the level where the trend collapsed in November 2025. If support fails, JUP could fall to $0.24 before attempting another advance, assuming external factors remain unchanged.

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