Whale Misses $1.2M Profit Opportunity as $JUP Rally Faces Disruption
The $JUP (Jupiter) cryptocurrency has displayed the classic business traits of a bull run: a big increase in price; a spike in trading volume; and promotion on social media that attracts new investors. By all appearances, this seems to be the case in the current market. The Jupiter Protocol, a blockchain project built on the Ethereum and Polygon networks, is seeing its native asset ramp up in price. The recent $JUP surge has turned a few heads and has led some folks—including an unidentified whale wallet—into making sizeable profits. But the developments of the past weekend beg the question: what exactly is going on with Jupiter? Whale Accumulation and the Missed Opportunity Between the dates of January 17 and January 24, the particular whale in question amassed a remarkable 13.3 million $JUP tokens, disbursing around $11.37 million at an average […]
