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JUP Initial Circulation Supply Reduced to 1.35B
As Jupiter, the largest DEX aggregator on Solana, gears up for its governance token
$JUP launch in less than 24 hours on January 31st, the cryptocurrency community is abuzz with the latest developments. The revised tokenomics revealing a reduction in the initial circulating supply from 1.7 billion to 1.35 billion has sparked intense discussions among investors and analysts alike, centering on how this significant change will impact
$JUP 's price discovery in the highly volatile crypto market.
Impact of Reduced Circulating Supply on
$JUP 's Valuation
The new initial supply, approximately 26% lower than initially speculated, has already made waves in pre-market trading.
$JUP is currently trading at around $0.74 on the Whales Market OTC platform, with $26 million worth traded and at $0.66 on the Aevo exchange. This positions the average price at approximately $0.70, giving Jupiter a market valuation of around $945 million for the circulating supply. A total supply of 10 billion tokens sets the fully diluted valuation (FDV) at $7 billion. This revised market cap, significantly lower than the previous $1.4 billion at 1.8 billion circulation, suggests substantial room for growth and price movement for
$JUP .$SOL $XAI $JTO
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