Jumper's JUMP sale drew $48.6 million for $3 million of tokens. Who got in?
The cross-chain swap app incubated by LI.FI offered 4% of its JUMP supply on Legion and got 24 times its $2 million target. Most of the 9,690 applicants will get their money back, and there is still no date for the token to trade.
Key points
- Jumper's JUMP sale on Legion drew $48,613,947 from 9,690 applicants, 2,431% of its $2 million target.
- It sold 4% of supply with a $3 million hard cap, implying a fully diluted value of about $75 million.
- Buyers were picked by Jumper XP level and a waitlist leaderboard, not first come, first served. No token launch date has been set.
16 times oversubscribed
Jumper, an app for swapping and moving tokens across blockchains, drew $48,613,947 in applications for a token sale capped at $3 million, according to Legion's sale page. The sale of its JUMP token ran on the Legion launch platform from September 29, 2026, and closed on October 6 at 1:06 p.m. ET.
That is 2,431% of the $2 million target, or about 16 times the cap, from 9,690 applicants. Applications opened on September 29 at 9:00 a.m. ET and moved to review on October 2 at 9:00 a.m. ET. Buyers paid in USDC on Ethereum.
Legion ranks buyers by reputation rather than speed. In a sale this oversubscribed, most applicants receive little or nothing.
What Jumper is
Jumper was incubated within LI.FI, a company that builds cross-chain routing used by other apps. Jumper is the app ordinary users see. In its announcement on X, Legion said the team reports $41 billion in lifetime volume and 100,000 monthly active users. Legion broke that down as $27 billion in tracked bridge volume since March 2023 and $14.2 billion in swaps, citing DefiLlama data from September 21, 2026.
Jumper wants to become what it calls a super app for onchain finance. Its products include Jumper Earn for yield, advanced trading tools such as scheduled and limit orders, and trading in tokenized stocks and other real-world assets. Legion's post listed perpetual futures and a mobile app on the roadmap. Jumper Perps has since gone live: on October 26 Jumper announced TradingView charts for the product.
On October 30, Jumper said on X that 213,000 people had used the app that month. Legion's sale page lists CoinFund, Dragonfly, Superscrypt and Multicoin as partners.
Valuation and token split
The public sale covered 4% of the JUMP supply. If the full $3 million hard cap was sold, that values the whole supply at about $75 million, a figure known as fully diluted value (price times total supply).
Legion's page gives the rest of the token split: 33.33% for the community, 26.07% for investors, 21.90% for the treasury and 14.70% for the team. Legion's announcement said the proposed use of the token is staking or locking JUMP for fee discounts, reward multipliers and other perks. Full tokenomics, including vesting, were to be published by the Jumper team.
JUMP sale: demand versus supply
US$ million
Source: Legion, Jumper sale page
How Legion decided who got in
Legion sales do not work on a first-come, first-served basis or by lottery. The project team reviews applicants and selects buyers based on reputation and fit, and in oversubscribed sales not everyone gets an allocation, Legion's FAQ says. Applicants who miss out get their deposit back in full and can claim it from the Legion dashboard.
Jumper set two priority groups. The first was its own community: the higher a user's Jumper XP level, the higher their priority. The second was the top 500 on a waitlist leaderboard, ranked by a score combining Legion Score, referrals and the quality of those referrals.
Access was also limited by location. Legion's announcement said the token sale was not open to US or UK persons, and its FAQ says other jurisdictions may be excluded depending on the sale.
Risks for buyers
- No TGE date. Buyers cannot move or sell tokens until the token generation event (TGE). Legion only says it is coming soon.
- Unpublished vesting. The sale page shows the supply split but not unlock schedules for any group.
- Big future supply. Investors, team and treasury together hold about 63% of supply, against 4% sold in the public round.
- Unfinished community plan. How the 33.33% community share will be distributed has not been set out on the sale page.
- Token, not equity. JUMP is a token. Its proposed utility is fee discounts and perks, not a share in Jumper or LI.FI.
Timeline
Legion announces the JUMP sale
Applications open on Legion
Applications close and review begins
Round closes with $48.6 million in applications
Jumper announces TradingView charts on Jumper Perps
JUMP token generation event
LC Insight analysis
This section is our reading of the facts above, not a statement of fact.
- We think 24x demand says more about the market's hunger for small, cheap sales than about Jumper alone. A $75 million implied value for an app reporting $41 billion in volume looked like a bargain to many.
- The allocation rules matter as much as the price. Putting long-time users ahead of new wallets tells you Jumper wants holders who actually use the product.
- The real test is launch day. With so much unmet demand and no public unlock schedule, early trading could swing hard either way.
What's next
- An official JUMP TGE date and exchange list
- Publication of full tokenomics and vesting schedules
- Details of the 33.33% community allocation and any airdrop
Disclaimer. This article is based on public information and the sources listed below as of the update time shown. It is for information only and is not investment, legal or tax advice. Figures may change as companies and authorities publish new data.
