Today is another interesting day for @JupiterExchange and $JUP. After my well received thread I sold my entire bag. Why sit on something that I expect to go down for the next few days? I bought back in today and was able to increase my position by 20%. Happy to be giving the shekels directly to the team once the remove the DLMM. What I expect to happen? 1. Volatility, around 75% of the liquidity will be removed in a few hours. Price impact will increase for each buy and sell. 2. Sellers should be exhausted. Everyone that wanted to sell probably already sold. Now we are left with believers. Up only? 3. Traders will come in. I‘ve already seen some calls by @CryptoGodJohn and co. Should be a solid swing trade to 0.62 (12%) or 0.69 (20%). 4. If we break out above 0.7-0.8 things could get very interesting. Happy $JUP day 🤝.

Were we all wrong in saying $JUP is going to $2-$3? Yes, obviously, but also no. We didn’t understand the new mechanics on this new type of launch. The demand was there. Around $125m sent $JUP to $0.7. If this would have been a normal launch the price predictions would have hit. But why didn’t this happen? @JupiterExchange setting and clearly communicating the DLMM price settings automatically created a psychological resistance price for traders at $0.7, which in reality was quite the opposite. At 0.7 the DLMM liquidity (volatility resistance) was gone, proper parabolic price discovery would have been possible. A lot of demand/volume was handled via OTC deals on @WhalesMarket. @HGEABC alone bought around 9m tokens there. @JupiterExchange supplying sooo much liquidity completely halted any type of parabolic price discovery. Good for accumulators and airdrop dumpers. Bad for bots, traders, degens and moon boys aka volatility lovers. If you want to know how much this liquidity is keeping the $JUP price in check simulate at $1m USDC buy on $JUP and $PYTH. Slippage: $JUP: 1.32% $PYTH: 32.7% A quick linear extrapolation: with $125m in buying pressure with a normal launch pool would have catapulted the $JUP price to around $2-$3 post launch. What does this mean? 1. The launch worked as intended, the mechanics are spot on and probably as fair as can be for a token launch. Great stuff @weremeow 2. On Wednesday the @JupiterExchange DLMM pools gets pulled. The price then will determine the circulating supply for the next 12 months. @ $0.7 or above there will be 1.35b tokens available, @ or below $0.4 it will be 1.1b tokens after the team removes the DLMM. Both are bullish in their own way. Either @JupiterExchange raises a huge amount of $ to build great tech or we see a circulating supply cut. The truth will probably be somewhere in between. 3. Imo we can expect some sort of bullish news leading up to Wednesday, most likely staking. Why? @JupiterExchange want to get as close to $0.7 as possible to raise as much as possible. 4. Once the DLMM pool is removed volatility will return, traders will return, volume will increase and a moon mission could be set in motion. I‘m comfortable holding my free airdrop. What’s your take? Do you like the mechanics? How will this work for future launches, now that we know how it works?