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Competitors circle after Jupiter founder posts slur

Author: Content Editor
The anonymous founder of Solana DeFi giant Jupiter used a racial slur multiple times in a social media post, sparking negative reactions from the crypto community. Jupiter's competitors saw an opportunity and some vowed to sell the native token. However, the incident did not seem to greatly affect the market, with JUP only sliding 7.7% while other major Solana DeFi tokens also experienced a decline. Jupiter's key feature is an aggregator that offers better prices for users, giving it a competitive advantage. Competitors, such as DFlow, seized the opportunity to attract developers away from Jupiter. However, they would need to significantly outperform Jupiter to convince users to switch. The incident also raises concerns about the perception of professionalism by risk-averse institutional investors entering the crypto space.

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