Jupiter Acquires RainFi, Appoints New President Amid JUP Price Drop

Jupiter Exchange has acquired RainFi to enhance Solana's credit ecosystem. Key points include:

JUP rewards will be distributed to Droplets holders from a snapshot on December 10, 2025, as part of RainFi's integration into the Jupiter ecosystem.
RainFi will continue operating under its own brand during the transition while integrating its fixed-term lending features.
stJUP deposits are closed; users can withdraw from Liquid while rewards persist until the next ASR cycle. stCOLLAT operations remain unchanged.

Xiao-Xiao J. Zhu becomes the new president of Jupiter, focusing on expanding its role as Solana’s leading DeFi platform. Jupiter manages over $3 billion in TVL and aims to enhance stablecoin, payment solutions, and cross-chain capabilities.

The JUP token has decreased by over 8% in one day and nearly 39% this month, currently priced at $0.2137, significantly below its all-time high.
This decline occurred despite recent launches like Coinbase spot trading for Jupiter pairs and the Ultra V3 trading engine upgrade.