🎰 1000x leverage is back: Jupiter’s YOLO has surpassed $1 billion in trading volume less than 3 days after launch!
📌 Facts (according to an AMBCrypto report):
• Beta launched on October 15, supporting up to 1000x leverage on SOL, BTC, and ETH
• You can play with as little as $10—it's all about going all-in
• At its core, it uses a single-pool model: losers’ money is paid to winners, and orders don’t enter the real market
⚠️ My take:
At 1000x leverage, a 0.1% move in the wrong direction means liquidation. This isn’t trading so much as a casino with candlestick charts—the house (the pool) has a big long-term advantage.
Meanwhile, more than $200 million was liquidated across the market in the past 24 hours, with longs accounting for 64%. The market is already deleveraging.
📉 JUP is down about 18% over the past 7 days and is currently around $0.29. The market clearly isn’t buying into this product.
👉 Do you think 1000x leverage is “on-chain innovation” or just a new way to fleece retail investors? Share your thoughts in the comments 👇
$SOL $BTC $ETH
#Jupiter #杠杆交易 #Solana
Just my personal opinion; not investment advice
📌 Facts (according to an AMBCrypto report):
• Beta launched on October 15, supporting up to 1000x leverage on SOL, BTC, and ETH
• You can play with as little as $10—it's all about going all-in
• At its core, it uses a single-pool model: losers’ money is paid to winners, and orders don’t enter the real market
⚠️ My take:
At 1000x leverage, a 0.1% move in the wrong direction means liquidation. This isn’t trading so much as a casino with candlestick charts—the house (the pool) has a big long-term advantage.
Meanwhile, more than $200 million was liquidated across the market in the past 24 hours, with longs accounting for 64%. The market is already deleveraging.
📉 JUP is down about 18% over the past 7 days and is currently around $0.29. The market clearly isn’t buying into this product.
👉 Do you think 1000x leverage is “on-chain innovation” or just a new way to fleece retail investors? Share your thoughts in the comments 👇
$SOL $BTC $ETH
#Jupiter #杠杆交易 #Solana
Just my personal opinion; not investment advice