Bad news for Solana holders—FTX is about to unlock 11.2 million SOL (around $2.06 billion). The potential for selling pressure is getting bigger, and the situation is getting even more chaotic because Jupiter (JUP), one of the largest DEXs on Solana, is getting hit with a lot of FUD!
JUP is accused of insider trading in the LIBRA token launch. They said they knew about the launch two weeks earlier from Kelsier Ventures. Their CEOs, Meow & Ben, even knew the date and time!
Many have accused the JUP team of not only joining LIBRA, but also playing in the TRUMP, MELANIA, and other tokens. They were caught getting in first, making big profits, and then repeating the same pattern.