the JUP token launched a little over two years ago.
since then, we've been through catstanbul, catlumpur, multiple acquisitions, and the team grew from fewer than 20 people to close to 200 people at one point.
one of the biggest challenges for me wasn't technical. it was changing my role.
when the team was small, decisions happened with a handful of people in a room. we could debate, build, ship, and iterate within days.
as the company grew, my days became almost entirely coordination. getting alignment across teams could take weeks. every morning there would be another list of decisions waiting. there was no longer any uninterrupted maker's time left on my calendar. (pg's essay on maker's schedule vs. manager's schedule captures this feeling perfectly.)
for a long time, i didn't realize what was happening.
the first time you're deciding whether to spend millions of dollars, you think carefully about every angle. after making enough decisions like that, they stop feeling extraordinary. your brain starts optimizing for speed. pattern recognition replaces deliberate thinking. eventually, you're no longer thinking deeply about every problem. you're just unblocking the next urgent thing.
looking back, i think i spent a long period operating almost entirely on autopilot. or maybe zombie mode is the better description.
nothing was wrong externally.
eventually, i realized what was missing.
i had stopped learning.
that was probably the biggest problem.
i wanted something that would force me to become a beginner again. i wanted to think deeply again. i wanted to build again. i wanted to struggle with problems i didn't already know how to solve.
that became GUM.
building from first principles again has been one of the most enjoyable experiences i've had in years. i find myself reading constantly, learning something new almost every day, and having technical discussions that leave me with more questions than answers.
the team makes it even more fun. i'm lucky to work with engineers who have built products that facilitate billions in trading volume, security researchers who constantly challenge assumptions, and former L1 engineers who think about infrastructure from completely different perspectives. every conversation feels like an opportunity to learn.
for the first time in a while, i'm uncomfortable again.
and i think that's exactly where i want to be.
GUM's private beta launches next monday, july 6.
i'm excited to start learning from users again.
after trading bitcoin primarily for 8 long years, an unarticulated execution edge naturally forms
some things can't be taught and just need enough repetition
from wednesday's stream with @Luckshuryy
x: https://t.co/Xdlggor2hR
yt: https://t.co/CP7slEVo1g
The last time we saw bitcoin:native decouple from the Stock Market this badly was the 2023 bottom. The problem now is that during that time Equities and Stocks weren't pressing into ATHs, they were still about 20% off their highs. Whereas now, they are almost parabolic.
The internet is a truly amazing place.
As a korean crypto trader, i never imagined myself buying an argentinian fertilizer stock off of the research of an anonymos condom.
Markets have got it wrong when they say:
"When Everyone Digs for Gold, Sell Shovels"
You know why?
The real alpha comes from:
Bottlenecking the Shovel Sellers.
Substrates/EML lasers in photonics from $AXTI and $LITE.
to
$SNDK to Sk Hynix for NAND/DRAM are those bottlenecks.
And they end up individually more profitable, than the investors who crowd around shovel sellers like $NVDA.
The saying should go:
"When Everyone Digs for Gold, Profit off the Materials at jacked up prices that the Shovel Sellers need to Sell the Shovels".
Be cautious of the man who always wants to look good
Be cautious of the man who hides his skeletons in his closet
Appreciate the man who leaves it all on the table no matter what type of discourse or pushback or potential "bad look"
Respect a man who says what he believes even if it goes against the grain
Its important to spot who is genuine and who is putting on a show for the make believe audience
Be honest be real, people gravitate to you regardless when your genuine
Notice the snobs who are always trying to be on a high horse and point fingers from a fake ivory tower
They are fragile, and when you poke at them notice they break and throw fits or choose not to engage because you may leave a stain on their public perception
first day of 2026: we kick it off with a major upgrade to @jup_mobile that sets it miles apart from every single crypto app out there - dex, cex, solana, eth, whatever
built fully native, optimized to the core to be as performant as possible, leveraging the full stack jupiter expertise, jup mobile is an example of our neverending quest to be the best we can be, even if we don't get there right away.
over the next 21 days, we will try to convince you that this is the one app that you must have.
if you are not, we would listen as hard as we can about where we fall short and try to convince you again in the next days, months and years to come.
lastly, jup mobile is really a full team effort, from the world class mobile team, to the endless data and infra needs, to the trading engine to the incredible user burst team.
incredibly proud to be working with them.
To the bros shorting and making monies doing so
You dont need to come on the tl and call your counter party retards
You should either encourage their participation or be grateful of their participation
Without them your short dont print
Also I find it to be in bad taste to come on the tl with such poor mannerism
Have you never played a sport before?
Show some sportsmanship
I have this theory that when traders do a lot of podcasts, or they have their own, it makes them say an unnecessary large amount about the market, and forces them to take opinions, and ends up making them seem noisy and less of a signal. For one, this game requires you to have strong opinions that are weakly held. You need to be able to be bullish at the open and flip short ten minutes later if the flow changes, but I think the moment you voice a "thesis" into a microphone, your ego attaches to that outcome and you start subconsciously start filtering for data that proves you right to avoid looking stupid, so you end up trading your reputation instead of the chart.
Probably even more so because of the schedule aspect, there is a huge conflict. The market gives you setups on a random distribution, some weeks are great, some are dead, but your pod demands a fixed schedule. If you have to record every day but the market is doing nothing, you’re forced to manufacture an opinion just to fill the air. That is the literal definition of noise. You end up performing for an audience rather than for the market.
Markets are quiet. Perfect time to stop gambling and start understanding what actually moves price.
Open Interest - https://t.co/MtRLPcd6LY
Funding Rate - https://t.co/t5oiYWRFll
Flows on Coinbase - https://t.co/v7NUOAYCQC
Read these posts. Bookmark them.
Twitter and CT in particular have fostered a culture of intellectual gatekeeping, where people routinely mock retail, normies, etc. This creates an environment where people feel intimidated to ask genuine questions, worried they'll be ridiculed or dismissed. It ultimately holds people back from learning and growing.
Let me tell you, as someone who's been there: Never hesitate to ask questions. Asking questions is the fastest way to unfuck your understanding. And if you've been in that position of feeling lost or unsure, remember to pay it forward; take the time to give thoughtful, genuine answers to others who are where you once were. The people who respond with patience and authenticity are the ones who truly elevate this community.