#Jupiter(JUP) experienced a 63% decline following a $700 million airdrop and an erroneous pump scheme. The airdrop and pump scheme appear to be part of a fraudulent operation, as indicated by cybersecurity experts. #Airdrop scams involve the distribution of free tokens to holders, often as a guise for fraudulent activities.
On the other hand, pump-and-dump schemes, which are orchestrated frauds, mislead investors into purchasing artificially inflated tokens, leading to substantial losses when the prices subsequently crash. It's essential for investors to exercise caution and conduct thorough research before participating in such activities to avoid falling victim to scams.