đ#Jupiter Exchangeâs X account was hacked on February 6, 2025, causing chaos in the crypto market as scammers promoted a fake memecoin, $MEOW, and later âDCOIN,â misleading investors before draining liquidity. This triggered a sharp 12% drop in JUPâs price from $0.85 to $0.75, with further declines to $0.71 amid market-wide uncertainty. However, key indicators suggest a possible reboundâJUPâs RSI hit 30 (oversold territory), and large transactions over $100K surged 25%, hinting at strategic accumulation by whales. With Jupiter regaining control of its account and confirming no customer data breach, traders should stay alert for opportunities, avoid scam tokens, and watch for JUPâs recovery potential.
