SOL Surpasses $150 Level as Jupiter Exchange Acquires SolanaFM –

• Solana (SOL) has surpassed the $150 zone, showing a 13% increase in the last 24 hours.
• Jupiter Exchange has acquired SolanaFM, a data explorer, and Coinhall, a trading aggregator, to improve its data and infrastructure.

The price of Solana’s native cryptocurrency, SOL, has surged by 13.16% in the past 24 hours, crossing the $150 zone, crossing the $150 zone, a level it struggled to breach for nearly 25 days. At the time of writing, SOL is priced at $150.84 with a market cap of $70 billion. Additionally, the daily trading volume of Solana has climbed over 10% to $3.27 billion. Currently SOL price eye at the breakout above the $160 zone.

This upswing in SOL comes after Jupiter Exchange announced multiple strategic acquisitions during the 2024 Solana Breakpoint Conference. Jupiter Exchange acquired SolanaFM and Coinhall, two significant players in the Solana ecosystem. This move is expected to enhance Jupiter’s data and infrastructure capabilities, which will benefit its users with real-time insights.

Jupiter Exchange Expands with Key Acquisitions and New Features

Jupiter Exchange, one of the leading decentralized exchanges (DEX) on the Solana network, aims to leverage these acquisitions to expand its market presence. SolanaFM, a data explorer that raised $4.5 million from SBI Group in 2022, will help users navigate Solana’s vast data landscape more effectively. 

In addition, Jupiter has plans to roll out Jupiter Mobile, a mobile app developed in collaboration with MoonPay. This app will enable seamless transactions using Apple and Google Pay without any platform fees, making it easier for new users to join the Solana ecosystem.

Other exciting updates include the launch of Ape.Pro, an upgrade to its memecoin trading platform, and the introduction of Metropolis, a comprehensive API platform for developers.

Jupiter’s own token has also seen a positive price jump. At the time of writing, the JUP price stood at $0.8716, marking a 10% rise over the last 24 hours. This surge has positioned Jupiter as one of the top-performing tokens, with a trading volume exceeding $126 million in the past day.

Moreover, Jupiter has also acquired Ultimate Wallet, a self-custody crypto wallet firm, earlier this week. This addition enhances user security and convenience within the Solana ecosystem.

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