Jupiter, a decentralized exchange aggregator headquartered in Solana, will conduct its highly anticipated “Jupuary” airdrop later today, distributing approximately 700 million JUP ($0.86) tokens worth $616 million to its community.
Jupiter to Distribute $616 Million in ‘Jupuary’ Airdrop Today
Ahead of the airdrop, Jupiter has released an eligibility checker that allows users to confirm their status before claiming rewards. The token distribution targets two primary groups:
- Kullanıcılar ve Stakerlar:
- 425 million JUP tokens have been allocated to users who actively trade tokens on Jupiter. The distribution will be made according to trading volume tiers.
- 75 million JUP tokens are reserved for stakers with additional bonuses for consistent votes on governance proposals.
- Topluluğa Katkıda Bulunanlar:
- Jupiter grants special allocations to reward the efforts of its patrons, whom it calls “Carrots and Good Cats,” who make significant contributions to society.
This is Jupiter’s second airdrop, following the inaugural distribution of around 1 billion JUP tokens last year. The platform plans to continue airdrops every January until 2027.
Jupiter currently has a circulating supply of 1.68 billion JUP tokens out of a maximum supply of 10 billion with a market cap of $1.48 billion. Priced at $0.88, the token is up 33% since its initial launch in January 2024.
Founded in October 2021 by an anonymous creator known as “Meow,” Jupiter combines liquidity from multiple decentralized exchanges on Solana while also offering perpetual trading products, solidifying Solana’s role as a key player in the DeFi ecosystem.
The airdrop is expected to further attract community interest and strengthen Jupiter’s position as a leading aggregator in the decentralized exchange space.
*This is not investment advice.
Continue Reading: Airdrop Event from Solana-Based Project! 700 Million Tokens Will Be Distributed! Here Are the Details
