Jupiter’s $3 Billion Token Burn Signals Market Shift

• Jupiter Exchange burned 3 billion $JUP tokens, removing 30% of the total supply.  
• The $JUP token surged after the burn, hitting a high before settling at key levels.  
• Buyers defended support zones, signaling market sentiment and future growth potential.  

Jupiter Exchange made headlines by burning 3 billion $JUP tokens, representing 30% of its total supply. This unprecedented move, valued at over $3 billion, aims to curb emissions, reduce the circulating supply, and lower the token’s fully diluted valuation (FDV). The token burn was announced during the platform’s “Catstanbul 2025” event by the pseudonymous founder ‘Meow.’ 

It underscores Jupiter’s commitment to enhancing token utility and creating long-term value for investors. To further reinforce this strategy, the platform pledged to allocate 50% of its protocol fee revenue toward a buyback scheme.

The repurchased tokens will be locked in a “long-term litterbox,” signaling stability. The remaining 50% of revenue will support growth initiatives and operational stability.  This decisive reduction in supply is designed to boost investor confidence and stabilize $JUP’s fundamentals, paving the way for potential value appreciation.  

Market Reaction: $JUP Price Soars Post-Burn  

The market responded positively to the token burn, with $JUP witnessing a price increase. Following the burn, the token could surge from $0.76115 to a peak of $1.43543, marking an 88.61% rally.  

However, after reaching its peak, $JUP experienced a healthy correction. The price retraced to the Fibonacci 61.8% level at $1.02483, where buyers stepped in to defend critical support levels. This consolidation phase indicates strong market sentiment, with traders closely monitoring key technical levels.  

Price Analysis: Fibonacci Resistance and Key Support Zones  

$JUP faces resistance at the Fibonacci 38.2% level of $1.18773, followed by the 23.6% limit at $1.28851. Breaking through these levels could enable the token to reclaim its recent high of $1.43543 or even aim for the psychological barrier of $1.5000.  

Related: Jupiter Acquires Moonshot, Boosting DeFi, and Memecoin Trades

On the downside, support at the 78.6% retracement level ($0.90887) remains critical. A breakdown below this point may see $JUP retest the $0.76115 region, posing risks for short-term traders. Despite market volatility, the token burn and buyback initiatives have solidified $JUP’s market presence. Investors are optimistic as technical indicators suggest sustained momentum in the days ahead.  

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