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Last seen in the week of Sep 28 – Oct 4. It didn't make the newest report, so the figures below are from that week.

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Microtrend / Rank 06 / Week of Sep 28 – Oct 4

Jumper ($JUMP) runs a heavily oversubscribed ICO on Legion, then ends it: $46M committed against a $2M target

By NSA Intelligence · Report published

fadedjumper
Peak / day15tracked accounts
Peak dayTueSep 29 · busiest day in the panel
Rest of X / peak day—not measured outside the panel
Cited claims16source links retained
Market—no token attached

Attention

Who was talking, day by day

Sep 28 – Oct 4 UTC
Tracked paneldistinct tracked accounts / day
10
15
8
7
10
2
0

What happened

Jumper launched its $JUMP token sale on Legion (@legiondotcc) on 2026-09-28, with a $2M target and $3M hard cap at a $75M FDV, USDC on Ethereum L1, 50% unlocked and 50% vested over four months; the sale ran for three days. Demand ran far past the cap: @victortopdefig reported 305% oversubscribed in the first hour, @givenoxbt flagged 8x oversubscribed before 24 hours were up, and @yichuan_drive reported $20M deposited at 24 hours, then $27.2M from 5,816 participants at an average of $4.6k each. @murkiwaters posted that the sale ended on 2026-10-02 with $46M committed. Separately, @ethandefi_ said Jumper started charging fees for swaps and bridging and pointed users to the Matcha Meta aggregator, while @yichuan_drive described the new fee as 0.0001% for cross-chain going to LIFI; @ethandefi_ and @0xpostrich both raised the Jumper-versus-LIFI structure, with @yichuan_drive noting Jumper is LIFI's product and its revenue flows to LIFI.

Why it matters

A $46M commitment against a $2M target makes this the largest funding event in the tracked conversation this week and the rare case where a long-standing 'will they tokenize' question got an answer. It also resets the comp frame: @murkiwaters immediately measured it against YieldBasis's $183M of demand on a $5M raise, and the Jumper-versus-LIFI split is the main structural criticism, with @0xpostrich arguing LIFI raised $51.7M and gets $JUMP upside while Jumper token holders do not. Both the oversubscription figures and the LIFI revenue-flow claims are account claims, not verified facts.

Observed reaction

Mostly bullish on the raise itself, with @givenoxbt noting the sale looked bearish on CT yet blew past expectations and @murkiwaters calling $46M committed impressive, but split on structure: @0xpostrich is openly critical that LIFI investors get a chunk of $JUMP, @ethandefi_ is critical of the new swap and bridge fees and steers users to Matcha Meta, @korterkortmand objected that the sale opened with no airdrop allocation news, and @unvint pushed back on the 'free money' Polymarket framing because the sale is not a TGE date.

Spread

Where it started and who carried it

First seen
Sep 28, 07:40 UTC by @0xstephen_
Accounts
28 tracked · 8 elsewhere on X
Communities
eth defi (5), prediction mkts (4), perps trading (4), airdrops farming (4)
Key accounts
@jumperapp, @skylinee, @dmitriyungarov, @ethandefi_, @drarjantit

Explainability

Evidence register

Every claim links to the posts behind it
01

Jumper's $JUMP sale launched on Legion (@legiondotcc) on 2026-09-28 with a $2M target and $3M hard cap at a $75M FDV, USDC on Ethereum L1, 50% unlocked and 50% vested over four months, running three days

[1]
02

The $JUMP sale was 305% oversubscribed in its first hour, with a $1k minimum purchase and no exact TGE date given

[1]
03

The $JUMP sale was 8x oversubscribed before 24 hours had passed

[1]
04

24 hours into the sale, $20M had been deposited, over 10x the target, and the top 1k XP holders gained access to test Jumper Perps

[1]
05

By 2026-10-01, Jumper had collected $27.2M in deposits, 13.6x the initial target, from 5,816 participants averaging $4.6k each

[1]
06

The @jumperapp sale ended on 2026-10-02 with $46M committed

[1]
07

YieldBasis's sale drew $183M of demand on a $5M raise with 61k applications at a $200M FDV

[1]
08

Jumper started charging fees for swaps and bridging, which @ethandefi_ says should push large swap/bridge users to the Matcha Meta DEX aggregator

[1]
09

Jumper added a 0.0001% cross-chain fee that counts toward LIFI, and Jumper is LIFI's product while having its own CEO

[1]
10

@0xpostrich argued the $JUMP/LIFI structure benefits LIFI investors, noting LIFI raised $51.7M and questioning why value is split across two tokens

[1]
11

@korterkortmand noted the Jumper sale was starting within hours with no news about an airdrop allocation or tokenomics

[1]
12

@unvint said the sale is not a TGE date, pushing back on claims that the Polymarket market on JUMP was free money

[1]
13

@ethandefi_ framed the ICO as buying at a $75M FDV while a Polymarket market priced a 66% probability of JUMP trading above $150M FDV one day after launch

[1]
14

@givenoxbt posted that Jumper went standalone and laid out swaps and crosschain, earn, RWAs, advanced trading and perps, with $40B+ lifetime volume and 100k+ monthly users

[1]
15

@victortopdefig posted a referral link asking followers to sign up to maintain his Jumper waitlist rank and said he planned to join the ICO in the final minutes

[1]
16

@victortopdefig said he had not been approved for Jumper's creator program after almost a week, with applications closed 4 days earlier

[1]

Angles

  • Timeline card: the $JUMP sale from launch to close, with each oversubscription number and the account that posted it ($3M hard cap → 305% in an hour → 8x → $20M at 24h → $27.2M/5,816 buyers → $46M final)
  • The Jumper-vs-LIFI question, using @0xpostrich's and @ethandefi_'s posts: one business or two tokens, and why LIFI's $51.7M raise matters to $JUMP holders
  • The new-fee angle: what Jumper's swap and bridge fee change means for users who route across chains, plus the alternative aggregators accounts named (Matcha Meta)

Formats in use

  • quote-tweet critiquing tokenomics against a prior post
  • screenshot of sale progress and oversubscription
  • quoted thread breaking down FDV, unlock and vesting terms
  • Polymarket-market framing / hedge-theory post
  • referral-link post asking followers to sign up

Risks

  • Oversubscription, deposit and participant numbers are claims by the accounts posting them; only @ethandefi_'s own fee observation and @yichuan_drive's stated terms are post-level evidence, not verified protocol data
  • $46M committed and the YieldBasis comparison come from a single account (@murkiwaters); do not present as confirmed totals
  • Do not present $JUMP as an investment, do not repeat FDV/Polymarket hedge framing as advice, and do not predict post-TGE performance
  • The Jumper-LIFI revenue-flow and token-split claims are contested by the accounts themselves; label as claims, not settled fact
  • @victortopdefig's post contains a referral link and @givenoxbt and @yichuan_drive disclose participation in the sale — treat those posts as disclosing a position, and flag referral content

Observed content

Most-engaged posts

6 posts on X
ET@ethandefi_255 likes
Jumper started charging fees for swaps and bridging. If you swap/bridge large amounts of $, my advice is to use @matchametaxyz DEX aggregator from now on. Matcha Meta charges zero fees and only retains positive slippage. https://t.co/9wiMBtirgG
Open on X →
0X@0xpostrich111 likes
$JUMP vs LIFI Issue After looking into the ICO pitch deck, its really a perfect structure for LIFI investors and terrible for $JUMP token holders. We've already seen the two token playbook ($STG) eventually merge into one ($ZRO). If Jumper and LIFI have split, then why are LI
Open on X →
KO@korterkortmand67 likes
So Jumper sale starting in a few hours and still no news at all about an airdrop allocation? Hmm. People should just jump in blindly without tokenomics?
Open on X →
GI@givenoxbt61 likes
i thought the jumper token sale $JUMP was bearish on ct how comes its 8x over subscribed and its not even up to 24hrs yet https://t.co/Hm7qVxAQ2j
Open on X →
YI@yichuan_drive53 likes
4 hour n 34 mins left before @jumperapp ICO will begin on @legiondotcc 📢 - I know it's not FCFS n $JUMP sale will run for 3 days, but I got used to make everything in first mins/hours - Get your cover letters ready by the way, team will go through all submissions By the way,
Open on X →
YI@yichuan_drive48 likes
Ave, Less than 24 hours left to participate solana:Aybt5BWuW6kMNt7Jk1UmSgLzpEKev5pEnh82TA5rpump ICO on @legiondotcc - So far, @jumperapp already collected $27.2m in deposits, which is x13.6 from the initial target - 5816 Degens participated in the sale with average $4.6k per us
Open on X →

History

Weeks this story made the report

1 week
  1. μ6fadedJumper ($JUMP) runs a heavily oversubscribed ICO on Legion, then ends it: $46M committed against a $2M target