JUP's launch on Binance is being labeled as a potential scam.

Looks like there's concern around the $JUP launch on Binance. It traded today, but 30 minutes before being listed on Binance, it was listed on three other exchanges, including Bybit, and its price dropped from $2 to $0.06. Subsequently, trading on Binance started, pushing its price back up to $0.87.

The scenario raises questions about how a new launch could incur such losses. The explanation suggests the possibility of experienced scam artists manipulating the situation through a practice known as a fake airdrop. This involves airdropping the majority of tokens to controlled wallets, then selling them as soon as the launch occurs, while also collecting fees.

$JUP

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