The JUP token on the Ethereum network soared by 430%
The Jupiter project on the Ethereum blockchain, which is considered inactive, increased from $0.005 to $0.026. And again fell to its original values.
Why did it happen?
The growth occurred on January 31, a few hours before the drop of the JUP token on Solana. And due to the fact that the projects have the same tickers, inattentive traders began to buy the JUP token on Ethereum, thinking that they were buying the JUP that had not even entered the market yet. Completely ignoring the point that the networks are different
How to avoid this?
Before purchasing any token, check the network it is on first. Then check the smart contract address, you can do this on the CMC website, find your token there and check the address. If all the data matches and you are convinced that you are buying the token you need, you can take it.
What is your experience with twin tokens?
