Jupiter Surges 12% as Solana Ecosystem Frenzy Continues

Jupiter's price has surged by over 12% in the past 24 hours, driven by discussions around the Solana ecosystem and the altcoin's own buyback program.

The daily trading volume jumped by 109%, reaching more than $80 million, with many market participants attributing this increase to the recent spotlight on fees within the Solana network.

Jupiter Strategic Reserve has been reducing circulating supply while creating demand through its buyback program, which is likely contributing to the altcoin's uptrend.