JUPITER FOUNDER BRUSHES OFF AIRDROP BACKLASH: 'PEOPLE DON’T UNDERSTAND ANYTHING'

Summary from the TLDR Crypto newsletter

Jupiter's founder, pseudonymously known as Meow, recently addressed recent criticism of how the platform distributed 1 billion JUP tokens on Solana, insisting that critics are misinterpreting the move. Critics saw the move as a disguised Initial Coin Offering, particularly given the creation of a 250 million JUP launch liquidity pool. Meow maintains that all actions are intended to benefit JUP holders and that the plan was transparently communicated prior to the launch.