Granduncle Stan

不得不说币安的产品经理真的很厉害，小小的广场模块基础功能全面、实用还好用。@CZ 大表哥给研发团队的待遇也是杠杠的🥲

如果AI取代了你的工作，你会选择？#AI #币安人生

$SOL $JUP
The two most promising trading pairs at the start of this year are SOL/BTC and JUP/SOL#solana #jupiter
SOL: Current price is approximately $144.7–$145 USD, with a slight 24-hour increase of 0.3%–0.5%, and a weekly gain of about 6%. Market cap exceeds $80 billion, benefiting from continuous institutional ETF inflows (e.g., Bitwise, Fidelity) and the expansion of on-chain RWA and stablecoin volumes.
JUP: Current price is around $0.226–$0.229 USD, with a weekly rise of roughly 4%–7%, and a market cap of about $7–8 billion. As a top-tier DEX aggregator on Solana, JUP's trading volume and TVL are directly influenced by Solana's overall network activity.
Data shows a very high price correlation between JUP and SOL (positive correlation coefficient over the past 7 days, with JUP–SOL correlation ranking among the highest on platforms like CoinCodex). The reason is straightforward:
Solana's ecosystem trading volume is the core value source for JUP. When SOL price rises → ecosystem TVL and trading volume increase → Jupiter, as the primary routing layer, captures more fees → indirectly supports JUP price through buyback and burn mechanisms.
Historical performance: When SOL rebounds from lows, JUP often amplifies the gain (higher beta, volatility about 1.2–1.5 times that of SOL); conversely, during SOL corrections, JUP tends to drop more sharply. This reflects JUP's nature as a 'leveraged ecosystem token'.

However, correlation does not imply causation. JUP's price is not simply driven by SOL, but also constrained by additional factors:
Positive drivers: Increased adoption of Solana (e.g., Mobile V3 upgrade, JupUSD stablecoin integration, growth in Lend protocol TVL) can amplify JUP’s fee revenue and utility. Recent product upgrades at Jupiter (e.g., Quick Buy/Sell, one-click trading) have enhanced user retention, indirectly benefiting the token.
Negative pressures: JUP faces significant supply inflation. The total supply has increased notably since launch, with tens of millions of tokens unlocking monthly (approximately 53 million JUP unlocked in early January, valued at around $12 million). Even with buybacks (partial execution in 2025), the coverage ratio remains insufficient to fully offset inflation. In community discussions, some have proposed halting or optimizing the buyback mechanism, shifting toward mandatory staking and real yield dividends (in USDC form), as more structural reforms to truly enable JUP to capture value.