Euphoria enthusiasts are buzzing with a compelling new theory after the show's second episode of season three aired, suggesting a shocking connection between two central characters.
The Jules and Nate Sugar Daddy Speculation
Following a divisive premiere last week, the HBO Max drama series delivered its second instalment, reigniting fan debates and predictions. The episode primarily followed Rue, portrayed by Zendaya, navigating her new employment at the Silver Slipper strip club, a position secured by Alamo in the season opener.
Rue's storyline involved a brief sexual entanglement with stripper Angel, played by Priscilla Delgado, before she assists the dancer in entering rehabilitation. The episode concluded emotionally with Rue reconnecting with her former romantic partner, Jules, brought to life by Hunter Schafer.
Unravelling the Mystery Benefactor
As revealed in the season's first episode, Jules is allegedly a sugar baby, supported financially by an enigmatic figure who bankrolls her opulent way of life. While this mysterious patron remains unseen, a growing contingent of the audience is convinced that Nate Jacobs, played by Jacob Elordi, is clandestinely Jules' sugar daddy.
Social media platforms have erupted with fan hypotheses. One viewer postulated, "Why do I feel like Nate is paying for Jules' penthouse? That's why he's always so broke." Another queried, "Wait, what if Jules's sugar daddy is Nate, and that's why they are prolonging bringing Jules on screen and only hinting at the fact there is someone else?" A third added, "And maybe why he's being shady with the money for the wedding."
Nate's Financial Woes and Fan Connections
Despite assuming control of his father's business, Nate is burdened with a staggering debt of $550,000, rendering him unable to finance his fiancée Cassie's, portrayed by Sydney Sweeney, ideal wedding. The origin of this substantial financial deficit is ambiguous, but supporters theorise he has been diverting funds to Jules, covering expenses for her expansive penthouse apartment.
Observant viewers have also highlighted Rue's remark that Jules' boyfriend is "living a double life," a description that could aptly apply to Nate, whose father similarly maintained a secret existence. Long-time followers of the series will recall Nate's complex history with Jules; during high school, he catfished her, and the narrative strongly suggested he harboured deeper emotions for her throughout that incident.
Historical Context and Future Implications
However, their relationship has predominantly been antagonistic over the years. The likelihood of reconciliation in such a short timeframe seems improbable, yet audiences must await forthcoming episodes to ascertain whether this fan theory holds merit. The speculation adds an intriguing layer to the evolving dynamics between the characters, potentially reshaping viewer perceptions of their interactions.
Euphoria season three continues its broadcast schedule, airing on Sundays on HBO in the United States and on Mondays via HBO Max, Sky, and NOW in the United Kingdom. As the plot unfolds, fans remain eagerly attentive for clues that might confirm or debunk this captivating hypothesis.



