Solana -based decentralized stock market (DEX) Jupiter’s official X account was hacked and the breast coin was introduced on the platform. Following this incident, the price of the Altcoin JUP fell by 8 %and the transaction volume fell by 49 %.
Jupiter (JUP) The price of the dex crashed after the vulnerability: Altcoin had been a trend in 2025
Jup price fell by 8 %after Dex’s X account was attacked. Some breast coins were advertised through this account, which caused panic among investors.
As a result, the JUP could not maintain $ 1 and fell to $ 0.88. The transaction volume decreased by 49 %and fell below $ 175 million. According to CoNSS data, the open position of the jup futures decreased by 7.66 %to 150.79 million dollars. On the other hand, the 24 -hour liquidation amount reached $ 1.1 million, which came from 1.05 million dollars of long (long) positions.
Meow Token was introduced in the hack attack
A breast coin called Meow was introduced through Jupiter’s X account that was attacked. This Token attracted great attention by reaching a market value of $ 30 million in seconds. However, it soon lost more than 98 %and fell to $ 88,000 and a Rug Pull was experienced.
According to the Gecchoterminal data, Meow Token reached a market value of $ 8 million in the first four hours, but then completely collapsed.
Jupiter team intervened quickly
After the attack, the Jupiter team announced that he had taken back his X account. In the official statement, the following statements were included:
Customer or Treasury funds were never at risk. All funds and programs are stored in safe multisig wallets. Other communication channels were not affected. This was only limited to Twitter.
However, the team said that they continue to investigate how the vulnerability was formed. Despite the advanced security measures of Hacker, the attack caused the platform to reconsider cyber security deficits.
Is the opportunity for the jup drop for Altcoin investors?
Crypto analyst Gery Cat suggested that this decline could be a good opportunity to get a jup. According to the analyst, the price of the Jupiter has reached a critical daily fractal point and can recover from here.
If the price tests the fractal point at the 4 -hour support level and the volume of the transaction increases, the rise movement may be strengthened. However, it was emphasized that investors should be cautious due to recent fluctuations in the crypto market.
