Token risks
Terminal displays tokens as soon as they are tradeable onchain, including tokens that are:- Newly launched — tokens with very short history, limited liquidity, and unpredictable price behavior
- Unverified — tokens that have not been reviewed through Jupiter’s verification process. Unverified does not necessarily mean malicious, but it means no review has been performed.
- On a bonding curve — tokens that have not yet migrated to a standard liquidity pool (see below). These tokens may have limited liquidity and high price impact per trade.
What is a bonding curve?
What is a bonding curve?
Some tokens launch through a bonding curve mechanism (used by launchpads like Pump.fun and others). In this model, the token’s price is determined by a mathematical curve rather than by a traditional liquidity pool.The bonding curve percentage shown on Terminal represents how much of the curve has been filled. Once the curve reaches 100%, the token typically migrates to a standard liquidity pool (e.g., on Raydium or Meteora).Before migration, liquidity is limited to what the bonding curve provides, and price impact on trades can be significantly higher than on established pools.
Developer authority risks
Some tokens have active developer controls that allow the token creator to take actions that affect all holders:- Mint Authority — if enabled, the developer can create additional tokens at any time, potentially diluting existing holders
- Freeze Authority — if enabled, the developer can freeze any token account, preventing the holder from transferring or selling
MEV and execution risks
Jupiter Ultra includes MEV protection by default, which reduces exposure to front-running and sandwich attacks during swaps. However:- MEV protection reduces risk but does not eliminate it
- In manual Trade Presets mode, MEV protection depends on your configuration
- High slippage tolerance increases your exposure to unfavorable execution
- During periods of extreme network congestion, transactions may fail or execute at worse prices than quoted
Wallet Tracker and copy trading risks
Terminal allows you to follow other wallets and monitor their trades in real time. If you use this information to replicate another wallet’s trades:- Past performance of any wallet does not predict future results
- You are executing trades from your own wallet, at your own price — market conditions may have changed between the tracked wallet’s trade and yours
- Tracked wallets may have different risk tolerance, time horizons, or information than you
- There is no guarantee that a wallet showing profitable trades is not engaged in manipulative behavior
Liquidity and price impact
Tokens displayed on Terminal vary widely in liquidity. Low-liquidity tokens carry additional risks:- High price impact — your trade itself can move the price significantly
- Slippage — the difference between the quoted price and the executed price may be large
- Difficulty exiting — selling a large position may not be possible at the expected price, or at all, if liquidity is insufficient
General limitations
- Terminal displays data from onchain sources. This data can be delayed, incomplete, or manipulated.
- Token metadata (name, symbol, description, social links) is provided by the token creator and is not verified by Jupiter unless the token has been through the verification process.
- AI-generated insights (powered by Chain Insights) are automated summaries. They may contain inaccuracies and should not be treated as financial advice.
- Jupiter does not provide financial advice. Nothing displayed on Terminal constitutes a recommendation to buy, sell, or hold any token.
Fees
Understand the fee structure on Terminal.
Token Page
Safety indicators and token data explained.

