If you're wondering why $JUP has only gone down over the past two years…
Just 8 days ago someone dumped 2.5M $JUP again I can’t say for sure whether it was the team or Mercurial stakers I also don't want to judge These unlocks were known, and realistically 99% of us might have done the same in their position But there were plenty of wallets like this — and they were blatantly dumping on the market They didn’t even bother using Meteora to exit DCA. They clearly didn’t care about eating $5K in slippage Even though this is a strong argument for Option 2, I still voted for Option 1 — mainly because I don’t think Option 2 gives us guaranteed upside I also expect crypto to go lower from here If BTC drops to $60K, no one is rushing in to buy our bags. At that point, it won’t matter whether $JUP is at $0.14 or $0.07 And in the end it might punishes users for mistakes the team made (tokenomics) I still believe there is a big future for $JUP but probably not today or tomorrow
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If you're wondering why $JUP has only gone down over the past two years…
Just 8 days ago someone dumped 2.5M $JUP again
I can’t say for sure whether it was the team or Mercurial stakers
I also don't want to judge
These unlocks were known, and realistically 99% of us might have done the same in their position
But there were plenty of wallets like this — and they were blatantly dumping on the market
They didn’t even bother using Meteora to exit DCA. They clearly didn’t care about eating $5K in slippage
Even though this is a strong argument for Option 2, I still voted for Option 1 — mainly because I don’t think Option 2 gives us guaranteed upside
I also expect crypto to go lower from here
If BTC drops to $60K, no one is rushing in to buy our bags. At that point, it won’t matter whether $JUP is at $0.14 or $0.07
And in the end it might punishes users for mistakes the team made (tokenomics)
I still believe there is a big future for $JUP but probably not today or tomorrow