Why Ju Token Price Drop: JuCoin Hacked or App Upgrade Behind?

Ju Token Price Crashed 74% Today: JuCoin Hacked or Just Market Panic?

On September 17, 2025, JuCoin’s platform token, JU, experienced a sudden and severe drop in its value. Early in the morning, at 12:45 AM, JU began to plummet, hitting a low of $6 around 6:00 AM, which marked a shocking 74.96% decline from its 24-hour high of $23.9656. At the time of writing, it is trading at $7.3435, reflecting a 24-hour drop of 69.19%, with a market cap of $149.6 million and $1.02 billion in 24-hour trading volume.

Source: CoinMarketCap

JuCoin issued a statement addressing the drop, saying, “Due to the broader market environment and external liquidity, the platform token has experienced significant short-term price fluctuations. Ju.com’s operations and financial security remain unaffected, all business segments operate normally, and user assets are secure. The platform token’s price fluctuates due to crypto market sentiment, the macro environment, and secondary market trading, and this is within normal limits.”

This sudden crash has left investors scrambling and raised questions about the stability of JU.

Regulatory Scrutiny Deepens Investor Fears

The sharp decline comes just days after blockchain investigator ZachXBT flagged JuCoin as a “sketchy” sponsor of the upcoming Token2049 conference. He highlighted the exchange’s history of shifting regulatory compliance and anonymous trading practices. Earlier this year, JU also faced scrutiny over allegations involving its trading partner.

These warnings have added pressure on the token, creating fear of stricter oversight. Many experts have compared the situation to scandals like JPEX, where regulatory trouble caused a sudden token crash. Despite JuCoin announcing a $100 million expansion program for its blockchain in July, investor confidence remains shaky.

Weak audits, anonymity on teams, and dealing on smaller, less regulated exchanges have maintained investors' apprehension. Panic was not long in coming with JU recording more than $1 billion of day's trades, demonstrating how quickly uncertainty can be infectious. 

Market Volatility or Hidden Manipulation?

Another cause for concern is JU's very high trading volume relative to established coins like Bitcoin. Specialists point out that such unstable changes can be indicative of probable manipulation and the market by no means is stable.

All these price drops and spikes notwithstanding, JuChain has seen 38 million transactions, 1.6 million active wallets, and 26 million JU transfers. Yet the sudden and steep fall in JU's price has everyone wondering: "Is JuCoin hacked?" While the platform is claiming there is nothing wrong with its operations, the sensational fall begs questions of possible market manipulation or worse, even a hack or scam.

Wallet Migration Update Adds to Confusion

Another factor raising eyebrows is JuCoin’s recent app update. The platform announced that its iOS Enterprise Signature version is being phased out and urged users to migrate wallets to a new app immediately. While JuCoin described this as a standard technical update, the timing has fueled speculation.

Source: X

Some investors fear that urgent migration requests may have triggered panic selling, with holders rushing to secure their assets. For a token already under pressure from regulatory questions, such sudden technical shifts could amplify volatility and spark doubts about stability.

Disclaimer: This is for educational purposes only. Always do your own research before any crypto investment.