Jupiter recorded an over 21% increase in the last 24 hours after the company unveiled an integration of Solana minting tool Dexlab into Jupiter Routing.
JUP has risen 21% since the Dexlab integration announcement. Easy token launches may cause more meme tokens to flood Solana. Meme coins are attracting developers to Solana, says Arthur Hayes. The integration also comes at a time when BitMEX co-founder Arthur Hayes has said meme coins have provided positive value for the Solana ecosystem. Read more:Solana-based Jupiter posts hefty returns amidst meme coin rally JUP’s steady rise Jupiter reached a two-month high on Monday after hitting $1.84.
Dexlab allows users to easily create tokens and set up liquidity pools for them, according to Jupiter’s announcement on X. With Jupiter's growing popularity and the supposed easy token minting feature of Dexlab, Solana could see a new surge in meme token launches. Solana already boasts of igniting a meme coin rally in March, which saw tokens like dogwifhat , Book of Meme and Slerf recording impressive gains.
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