Is $JUP the worst New Listing on Binance?

I often read of people writing "I told you, BTC is dropping" without a proper analysis of what drove the price to drop.

We witnessed one of the worst days of 2024 for cryptos yesterday. Do people really think their Technical Analysis hit the point because they can read a chart?

Truth is that predicting anything in this world, especially for smaller (and newly launched) tokens is just a guessing game so don't fall for people referring to themselves as the new oracles.

That said, $JUP price dropping was something to be expected for several reasons, biggest of these being the fact that over 1M wallets qualified for the airdrop.

These people had to engage in transactions on the Jupiter exchange to qualify and most of the transactions on $SOL in the past 45 days were around big Memes such as #BONK #analoS and others.

Who invests in Meme? People who speculates and go for an easy and quick profit. so why would one of these people keep a token they were given for free?

In addition to this, there were issues around listing time prompting Binance to postpone it and, in the evening, the FOMC announcement about interest rates which made all tokens dropping.

The coming days are set to be a recover stage so embrace yourself and watch your balance growing!

#Write2Earn #Jupiter(JUP) #fomc