The cryptocurrency community is reacting to the recent launch of the Jupiter token, which has been criticized for its timing and execution. The launch coincided with the Federal Open Market Committee (FOMC) meeting, a highly volatile event, leading some to believe that choosing a different day could have resulted in the token's value potentially reaching $1. Additionally, there are allegations that the Jupiter team paid themselves $65 million to use their own launchpad for the token's release, raising questions about the team's decision-making and financial practices.
So Jupiter team paid themselves $65MM to use their own launchpad to launch their own token? Lol. Lmao, even OPOS https://t.co/N0RFG9vJgs
So Jupiter team paid themselves $65MM to use their own launchpad to launch their own token? OPOS https://t.co/WfzFCMVqUa
So Jupiter team paid themselves $65MM to use their own launchpad to launch their own token? https://t.co/sDLr2l5Nvb
The Jupiter Token Launch Was Executed Horribly https://t.co/zDxGLlA4fm
1/ Something almost NOBODY wants to talk about is Momentum Founders, creators, and artists underestimate the critical role it plays in the long-term success of a project. Consider the superb @JupiterExchange ill-timed $JUP launch – coinciding with the FOMC meeting + other…
So surprised Jupiter team decided to launch their coin on one of the most volatile events of the year yet... (was known it would be volatile for over a month) If it was launcehd any other day .. prolly be at $1 already