Jupiter Crypto News: Market Depth for Meme Tokens Added
Jupiter DEX on Solana is introducing a new feature to help traders assess meme token risks by measuring liquidity depth, aiming to prevent sudden price crashes.
Meme tokens often have thin liquidity, leading to quick price pumps and crashes. Small sell orders can cause significant drops in value due to low liquidity.
Jupiter's liquidity depth metric will give traders better insights into how well tokens can handle large sell orders, reducing the risk of sudden price drops.
Jupiter DEX is a major hub for Solana trading, providing the best pricing and routing, with most transactions under $100, catering to meme token traders.
Meme tokens have seen massive trading volumes recently, even surpassing Solana's native token, but liquidity issues remain a major challenge for these tokens.
Jupiter may launch another JUP token airdrop, with 230M unclaimed tokens potentially redistributed. The project also voted to cut JUP supply by 30%.