Jupiter is still very strong. After the meme crash on Solana, the protocol revenue hasn't dropped much and has even increased compared to early January. The situation for pump and Solana is quite miserable.

The main source of Jupiter's revenue comes from perpetual contracts. In terms of the 7-day protocol revenue comparison, the valuation of $JUP is even more cost-effective than $hype. Moreover, Jupiter's business empire is vast, and they are willing to use protocol revenue for buybacks.

However, since the Jupiter ecosystem is built on Solana, people's expectations for Jupiter will consider the overall situation of Solana. Also, the memory of the previous conspiracy group's harsh actions will take time to fade. But that's how the expectation gap is formed. When there are signs of recovery in the Solana ecosystem, such as casinos coming back to life and enhanced expectations from ETF approvals, it will present a good entry opportunity.