Jupiter starts the same name as the Jup token on the Ethereum before the Jup airdrop.
A few hours before the launch of the JUP airdrop on the Solana ecosystem trading aggregator Jupiter, the Ethereum-based JUP token with the same name skyrocketed by over 430%, then plummeted a few hours later. Data shows that the price of the JUP token on the Ethereum network rose from $0.005 on January 30 to $0.026 on January 31, and then fell back to $0.007. Based on the Jupiter protocol launched on Ethereum in 2017, it aims to create and host DApps, however, its official website states that the protocol is no longer active.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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