Massive Volume Surge Sends Jupiter (JUP) Soaring—Can It Hit $1 Soon?

  • TL;DR Jupiter allocated $150 million in USDC to JLP Loans, allowing users to use their liquidity tokens as collateral to access credit. JUP's price rose 25.6% over the week, and daily trading volume jumped 175% to $342 million following the announcement of the new lending system.