Jupiter acquires Rain.fi to grow Solana credit markets as JUP nears record lows
Jupiter has acquired Solana-based fixed-term lending platform Rain.fi to accelerate on‑chain credit markets and integrate Rain.fi’s community into the Jupiter ecosystem. Rain.fi will continue operating under its brand for several months while core features are migrated into Jupiter; the Rain app will be sunset after phased integration. As part of the transition, stJUP deposits are paused and users are advised to unstake from Liquid (withdrawals remain available); staking rewards continue until the next ASR cycle and stCOLLAT operations are unaffected. Rain.fi confirmed a Droplets snapshot (Dec 10, 2025) and said eligible holders will receive JUP rewards in early 2026. Jupiter also appointed former KKR strategist Xiao‑Xiao J. Zhu as president to lead expansion into payments, stablecoins and an omnichain liquidity hub. The platform reports over $3B TVL and high annualized activity across trading, lending and staking. The acquisition comes amid downward pressure on Jupiter’s native token JUP — trading near $0.21, down >8% in 24 hours and nearly 39% month‑to‑date — despite product upgrades and exchange listings. Traders should monitor stJUP liquidity, JUP sell pressure from reward distributions, and whether Rain integration materially expands Jupiter’s lending volumes or product revenue, as these will drive short‑ and medium‑term price action.
Bearish
The acquisition is strategic but creates short‑term negative pressure on JUP. Operational changes (paused stJUP deposits, planned reward distributions to Rain holders) increase potential sell pressure and reduce new staking inflows. JUP has already fallen sharply and market reaction to custodial transitions and reward snapshots typically triggers selling as recipients realize gains or rebalance. Unless the Rain integration quickly demonstrably increases revenue or TVL, these near‑term liquidity and distribution factors are likely to weigh on price. In the medium to long term the deal could be neutral-to-positive if Rain’s lending products materially expand Jupiter’s lending volumes and fee income, but immediate market impact is bearish for JUP due to increased supply risk and uncertainty around migration execution.