JuCoin’s Native Token JU Crashes 70% Amid Regulatory Scrutiny

JuCoin's native token JU experienced a catastrophic 70% price collapse, plummeting from $24 to $7 within minutes. The sell-off erased billions in market value as panic gripped investors.

Over $1.39 billion worth of JU changed hands during the crash, with trading volume subsequently dropping 23.9% as liquidity evaporated. The token's turnover ratio spiked to 7.24, revealing extreme volatility in an already fragile market structure.

Analysts note JU's abnormal trading patterns diverge sharply from established cryptocurrencies like Bitcoin and Ethereum. Such erratic price action suggests potential market manipulation and raises fundamental questions about the token's stability.

JuCoin moved quickly to contain the fallout, assuring users that operations remain normal and funds are secure. The exchange emphasized business continuity despite the dramatic price action.