The price of the JUP token fell by 9.49% to around $0.337, despite the positive results of a recent security study. The decline was attributed to profit-taking after a rapid increase in the asset's value—from approximately $0.22 to nearly $0.372, representing a growth of about 69%.
The security study covered several blockchains, including Solana, and identified 28 million cases of sandwich attacks that users expected to be protected against. While Jupiter Ultra showed good results, users experienced fewer such attacks compared to competing platforms. Jupiter received an overall score of 0.7, indicating less frequent attacks than researchers anticipated, while platforms Axiom, Photon, BullX, and GMGM received significantly higher scores: 18.9, 11.1, and over 10, respectively.
Despite the emergence of positive security data, the declining price trend of JUP tokens continues to concern traders. Currently, a key level to watch is $0.32, where there have been more buyers in recent days. If this level does not hold, there is a likelihood of further decline to $0.30 and a support level around $0.29. However, if JUP manages to rise above $0.35, it could help restore a bullish trend, but it will need to overcome recent peaks in the range of $0.37-$0.38.
Related articles
