Jupiter price

PUMPFUN IS BACK AT #1 IN 24H REVENUE ON SOLANA THE TRENCHES ARE BACK

There is a NEED for utility. Crypto isn’t TradFi. A token doesn’t provide legal ownership of a company. Shares do. That’s why shares are usually correlated with a company’s success. Tokens aren’t. Best example? JUP. Jupiter is hands down one of the best companies with the best products in the space. But everyone and their grandma knows there’s almost zero reason to hold or stake (aka lock up) JUP. It’s honestly a mystery to me how one of the best teams can ship product after product but still miss so hard on giving their token an utility. Again — crypto doesn’t work the same way as TradFi. We’re still tiny compared to them, and as long as we’re just a niche, you need to give a token some utility. Back in 2021 you could launch a governance token and be successful, but degens have gotten smarter. They know “governance” is just another word for “no utility” and keep as aligned as long as possible. No utility might work in the beginning since people love to gamble and bet on future utility (see: PUMP). But after some time, when nothing happens, you need utility (see: JUP). My guess is that companies like Jupiter are waiting for mass adoption and institutions... Another possibility is that they (team) simply doesn’t need utility, which feels like a big f*** you to holders. This also confirms the thesis that it’s always smaller projects that are more innovative — because they need it to survive long term (see: Flashtrade). That’s why I was quite disappointed when I read @0xSoju's tweet saying there won’t be any utility. Nothing in this space would be more bullish than a successful company (like Meteora) launching a token with an innovative concept that benefits everyone: project, team, and investors. But with that stance, he’s basically saying: dump your tokens. Maybe he’s just larping to wash out weak hands. But if not, the playbook stays the same: Team and VCs eat, while long-term believers bleed.