What’s Happening with the horrifying dump of $JTVO @JatevoId ?

I just spoke with @lucaxyzz — he's understandably upset, but I want to help to give a quick breakdown on with the recent dump on JTVO👇

JTVO had strong early backing from a large community (thousands of members). The community collectively hold significant supply.

Today, a member of that community launched a new app called $Finna, along with a token lunched on @believe_capital

Luca publicly criticized Finna (https://t.co/7IXT15wqLT) , calling it a copycat of @yunabite — a project incubated by JTVO that hasn’t launched its token yet.

This angered the original community, and many of them collectively dumped their JTVO bags in response.

The market is already fragile, and this triggered panic selling from holders unaware of the context —> leading to a cascading dump.

There are now rumors of a dev rug. This is false. Dev is still here. Dev wallets:

8ZRpQFGybD3cUBtF9wPEaaKt9yMmkfGa6EcGj9dM5LWG

4WYxd4spp6ejMCepAXa2BNRqGbw9KLU8XHXm1y3brJn2

My takes:

1. This wasn’t a rug. It was a social conflict + bad timing.

2. $finna maybe a competitor to $yuna but is no way comparable to $JTVO . Because JTVO is a platform to serve AI applications like @yunabite , and finna is just one use case of such AI applications.

You can think applications like yuna as consumers of JTVO's inference services. yuna needs to pay JTVO to use their services. More apps like yuna, more revenue to JTVO, thus better price to $JTVO the token.

I stay bullish to JTVO.

Please DYOR and stay calm 🙏