
parafi capital paid spot price for $35m in JUP with extended lockup. no discount. no warrants. settled in jupusd. they did this knowing feb 28 drops $53m in unlocks on the market. jupiter trades at 2.3x P/S on $265m annual revenue. uniswap trades at 50x. either parafi is wrong or the market is pricing jupiter like a simple dex when it's running perps, lending, stablecoin, and prediction markets across 2.2m monthly users

