James, the host of the popular crypto-focused YouTube channel InvestAnswers, has advised investors to keep an eye on an upcoming altcoin launch by the decentralized exchange (DEX) Jupiter. He emphasized the importance of not missing out on Jupiter’s altcoin once it hits the market, highlighting Jupiter’s significant trading volume in December, which reached an all-time high of $16.64 billion.
Built on the Solana network, Jupiter is preparing to introduce its altcoin, which has garnered attention for its strong market momentum. James pointed out that any JUP tokens currently in circulation are fake, as the official launch has not yet occurred.
The anticipated release of Jupiter’s JUP token is expected to happen in the last week of January. Meow, the anonymous founder of the DEX, announced on social media that they are not focusing on hype, price, or perfect price discovery before the launch, urging those with short-term perspectives to look elsewhere.
Instead, the team is concentrating on ‘JUPUARY,’ a period dedicated to educating the public on how to align the needs of AirDrop recipients, buyers, traders, team funding, bots, and the rest of the ecosystem for the token’s launch on the blockchain network. They plan to conduct launch test parties, make numerous announcements, share scaling plans, host several discussions, and prepare a report in the coming three weeks.
Investors and the crypto community are eagerly awaiting the introduction of the JUP token, with the DEX’s team focusing on long-term optimization rather than short-term gains, setting a foundation for the token’s sustainable growth and integration into the ecosystem.