Jupiter Token Plummets 80%: Panic Selling or Buying Opportunity Ahead?

Jupiter's nosedive triggers mass exodus—but is this the bottom or just the beginning?

Blood in the crypto streets as Jupiter holders stampede for exits

The once-hot DeFi darling now trades like a memecoin after rug-pull suspicions. Trading volumes scream 'capitulation' while Twitter degens place bets on a dead cat bounce. Meanwhile, VC backers quietly update their LinkedIn profiles to 'Web3 advisor'.

What's next? Either the mother of all buy-the-dip moments...or another cautionary tale for crypto's hall of shame.

JUP’s downturn deepens as selling pressure mounts

Since peaking at $2.04 shortly after launch, JUP has nosedived over 82%, with more than 33% of that loss occurring in just the past month.

The token briefly showed signs of a recovery in February above $1, but the momentum faded quickly. At press time, JUP traded NEAR $0.41, reflecting a prolonged bearish grip.

Source: TradingView

Technicals also showed the sentiment; the RSI hovered below neutral at 46, while the MACD remained in negative territory despite signs of flattening.

The modest uptick in volume offers some hope, but for now, JUP’s downtrend shows little sign of reversal.

DAO suspension triggers debate

As Jupiter’s price collapsed, so did community morale. Investors, once bullish, have become increasingly disillusioned by the lack of strategic clarity.

In a dramatic change, the Jupiter Foundation suspended DAO voting — a MOVE intended to cut through bureaucratic gridlock and redirect focus toward product development.

Source: X

While some see this as necessary triage, others fear it undermines the project’s decentralized ethos.

With tokenholders sidelined and morale fragile, the platform’s future now hinges on whether this centralized decision-making can actually deliver meaningful recovery.

Does Jupiter have no floor?

Behind JUP’s brutal drawdown lies a deeper concern: its tokenomics. Large-scale token unlocks have flooded the market, sparking panic selling as supply overwhelms demand.

Compounding the problem is a growing perception that JUP lacks compelling utility beyond speculation.

Source: X

While the protocol boasts $1 trillion in cumulative trading volume, critics argue that this hasn’t translated into sustainable token value.

With staking constraints still in place and no clear roadmap to enhance token usage, holders are left grasping for a narrative strong enough to reverse JUP’s fall from grace.