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Jupiter United Creation: The team did not push up the price, Launch Pool can be used for 7 days to absorb selling pressure

Jupiter United Creation: The team did not push up the price, Launch Pool can be used for 7 days to absorb selling pressure

2024/02/01 05:56

Addressing the community's misunderstanding about "Jupiter team absorbing all price drops", Jupiter co-founder Meow stated on platform X that Jupiter's Launch Pool can absorb the selling pressure of airdrops and buyers for 7 days, which is long enough. On the contrary, new buyers also have confidence in buffering selling pressure. In addition, Jupiter has detailed records of all JUP token inflows and outflows in community documents. Jupiter did not push up prices; in fact, the team was very careful not to choose to launch during market peaks (December last year and January this year) so as to give people enough time to understand JUP, fulfill their token responsibilities correctly and build products.

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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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