Crypto news from the Solana ecosystem: the decentralized exchange aggregator Jupiter is launching its governance token, JUP, on January 31st. The token will be airdropped to nearly one million cryptographic wallets. Jupiter has also announced plans to launch a memecoin next week. The project will distribute four billion tokens in four phases, with the first phase releasing one billion tokens to eligible users who have made a swap volume of at least $1,000. Jupiter has become the largest aggregator of DEX on Solana with a trading volume exceeding $16 billion in December.
Solana shows signs of an increase: a brief focus on the price
The price of SOL has been climbing, surpassing key levels and encountering resistance near $100. Currently trading above $95, SOL faces the challenge of breaking through resistance at $100 and the 61.8% Fibonacci retracement level. The next target for bulls is the resistance zone at $115. In case of downward corrections, initial support is found at $96, while critical support is at $88. Solana must overcome resistances at $100 and $105 to consolidate gains in the short term.
Solana Labs reveals Saga Chapter 2: the blockchain smartphone
Solana Labs has announced the launch of the new smartphone Saga “Chapter 2,” which will be available for pre-order at a more affordable price of $450 compared to the original’s $999 launch price. The Chapter 2 phone is customized for the Solana ecosystem and blockchain, featuring an integrated crypto wallet optimized for Solana. Users can store, send, receive, and interact with SOL tokens and SPL tokens, as well as access decentralized applications based on Solana.
Hot Take: Jupiter Launches Governance Token JUP in Solana Ecosystem
Jupiter, the decentralized exchange aggregator in the Solana ecosystem, is set to launch its governance token, JUP. The token will be airdropped to almost one million cryptographic wallets, rewarding early users and promoting widespread adoption. With a trading volume of over $16 billion in December, Jupiter has established itself as the largest aggregator of DEX on Solana. This token launch and the upcoming memecoin launch demonstrate the growing popularity and potential of the Solana blockchain. As Solana continues to show signs of price increase and Solana Labs unveils its new smartphone optimized for the ecosystem, it’s clear that Solana is making significant strides in the crypto sector.
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