The Solana trading platform said the deal closed at current market price with ParaFi committing to an extended token lockup.
By Zoran Spirkovski
Editor Hamza Tariq
Updated
2 mins read
Jupiter JUP $0.19 24h volatility: 8.0% Market cap: $623.70 M Vol. 24h: $88.16 M , a Solana-based SOL $103.1 24h volatility: 2.2% Market cap: $58.36 B Vol. 24h: $8.96 B decentralized exchange aggregator, announced on Feb. 2 a $35 million investment in its JUP token from ParaFi Capital. The deal will be settled entirely in JupUSD, Jupiter’s stablecoin.
According to Jupiter’s announcement, the deal closed at current market price with ParaFi committing to an extended token lockup.
Jupiter did not disclose the specific lockup duration. ParaFi Capital had not issued a public statement confirming the investment at the time of publication.
BREAKING:
Jupiter secures a $35M strategic investment into $JUP from ParaFi Capital to accelerate onchain financial infrastructure.
This deal – which will be settled entirely in $JupUSD – was closed at spot price with ParaFi committing to an extended token lockup. pic.twitter.com/7moUP2nQjK
— Jupiter (@JupiterExchange) February 2, 2026
JupUSD launched in January 2026 and will be used to settle the entire $35 million transaction. The stablecoin currently has a market cap of approximately $38.7 million, according to rwa.xyz data.
The deal nearly doubles JupUSD’s circulating supply.
JupUSD is backed primarily by USDtb, a stablecoin with approximately $859 million in circulation that is collateralized by BlackRock’s BUIDL tokenized treasury fund.
Jupiter developed JupUSD in partnership with Ethena Labs. ParaFi is also an existing investor in Ethena ENA $0.14 24h volatility: 0.1% Market cap: $1.11 B Vol. 24h: $218.93 M .
ParaFi Capital manages approximately $1.4 billion in assets and was founded in 2018.
The firm’s portfolio includes multiple Solana SOL $103.1 24h volatility: 2.2% Market cap: $58.36 B Vol. 24h: $8.96 B ecosystem investments such as SOL Strategies, Kamino, and Metaplex.
In January 2025, ParaFi invested CAD $27.5 million in Sol Strategies, a company focused on Solana network infrastructure.
Ryan Navi, Managing Director at ParaFi Capital, described that investment as supporting Sol Strategies’ mission to build critical infrastructure for the Solana network.
JUP/USD 15-minute chart showing price action on Feb. 1-2, 2026. The token traded between $0.17 and $0.19 over the period, with a recent price at $0.1873. | Source: GeckoTerminal/Meteora
Jupiter processes over 90% of aggregator volume on Solana. The platform announced in June 2025 that cumulative trading volume had surpassed $1 trillion.
Coinbase integrated Jupiter’s trading technology in January 2026.
JUP trades at approximately $0.19 with a market cap of $596.6 million. The token is down roughly 91% from its all-time high of $2.00 reached in January 2024.
Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.
As a Web3 marketing strategist and former CMO of DuckDAO, Zoran Spirkovski translates complex crypto concepts into compelling narratives that drive growth. With a background in crypto journalism, he excels in developing go-to-market strategies for DeFi, L2, and GameFi projects.