Jupiter Trust Acquires 7.8M JUP Worth $1.34M in April, Total Holdings Hit $19M

News Editor 01

2026-07-10 09:00:13

Jupiter Litbox Trust bought 310K JUP on April 20, bringing its monthly total to 7.8M JUP ($1.34M). Cumulative holdings now stand at 112M JUP ($19M). JUP price rose 4.28% on the news.

JupiterJUPcrypto trustaccumulationtoken

Jupiter Litbox Trust has been aggressively accumulating JUP tokens, with the latest purchase of 310,087 JUP (worth approximately $52,000) on April 20. This is part of a larger buying spree in April, totaling 7,895,598 JUP valued at $1.34 million.

Massive Cumulative Position

Since the start of its accumulation program, the trust has acquired 111,998,849 JUP, now worth around $19.05 million. This makes it one of the largest institutional holders of JUP.

Market Reaction and Context

Following the news, JUP’s price jumped 4.28% in the last 24 hours. The buying comes after a 13% decline earlier in the month due to fee drops and market panic, providing a floor for the token. Jupiter is a leading DEX aggregator on Solana, and its recent Metis V8 upgrade pushed TVL past $2.94 billion, boosting ecosystem confidence.

Analysts view the trust's continued accumulation as a strong endorsement of Jupiter's long-term potential, especially as institutional interest in Solana DeFi grows.

This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan.

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