🚀 JUP Can Break Out, Analyst Says

💵 Jupiter (JUP), the native token of the Solana-based Jupiter exchange, which was launched on January 31. According to CoinMarketCap, the current price of $JUP is $0.606213 USD. Over the past 24 hours, the price has risen by 2.37%.

💻 Recently, on his YouTube page, the well-known crypto expert Crypto Bury spoke about JUP. 
According to him, the launch of $JUP could take Solana's Total Value Locked (TVL) to new heights in the coming months. In terms of price, Crypto Bury said that JUP looks like a token that will perform well soon.
He noted that the reasons for this could be the impressive liquidity and market capitalization of the token.
The analyst noted that JUP could continue to form a downward wedge. However, he admitted that it is too early to predict the price of the token.

👉 However, Jupiter has already been criticized by the crypto community, as some observers claim that the development team has sold more than $200 million worth of $JUP tokens. 

DEX rewarded its users by giving away JUP tokens based on their activity on the platform. They were also offered tokens on the open market through a trading pool so that investors could buy JUP and airdrop recipients could sell their newly minted tokens.
The trading pool allowed Jupiter to offer tokens in a specific price range, where the price action is determined by market forces and the amount of liquidity the platform attracts over time. 

However, after comparing the pool's sales to DEX's initial public offering (IPO), market observers began to express their outrage. In an airdrop, the platform rewards its users by providing them with tokens, while in an IDO, the development team usually sells its assets to market participants.