CandleFocus

Grayscale lists Jupiter (JUP) as an asset under consideration

Author: Content Editor
Grayscale, one of the world's largest cryptocurrency asset management firms, is expanding its selection of tokens to include the latest trends and successful projects from the current bull market. Among the selected tokens is Jupiter (JUP), which reflects the Solana ecosystem and is the most active decentralized exchange (DEX) aggregator on the platform. Grayscale is also considering adding other financial project cryptos to its portfolio, such as Base's DEX, Aerodrome, Ethens, Injective, Mantra, Ondo Finance, Pendle, and ThorChain. Grayscale has already expanded its assets to over $22 billion, and while it has reduced its exposure to Bitcoin (BTC) and Ethereum (ETH), it continues to offer a mix of public and private funds to accredited investors. Jupiter itself has been experiencing growth, with significant fee generation and a high value locked. The JUP token, currently trading at $0.85, has been undervalued compared to its market cap. The token's upcoming listing on Grayscale has raised expectations for its price to rally. Jupiter is also preparing to launch DeBridge tokens through its LFG concentrated liquidity, aiming to distribute tokens fairly and avoid concentration of ownership.

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