Solana (SOL)-based meme coin Jupiter (JUP) continues its rise despite criticism of its token distribution plan.
last wednesday $700 million worth air drop Jupiter, which entered the market by distribution, brought with it some controversies.
The liquidity pool offered by the team for trading their newly issued tokens, while getting the reaction of the community This method is an implicit Initial DEX Offering (IDO) It was interpreted as. On the other hand, some community members believe that the Jupiter development team can use the market pool through this system. He sold more than $200 million worth of JUP tokens. he claimed.
The founder of the project made a statement after these allegations. MeowHe tried to clear the doubts in people’s minds.
Despite all these discussions among the community, JUP remained strong after the Binance listing and managed to keep its investors happy by showing upward momentum.
According to CoinGecko data, in the last 24 hours 2.3% increase exhibiting JUP, at the time of writing from $0.615 is being traded.