Solana-based decentralized alternate (DEX) lastly launched its Jupuary airdrop at the moment, with greater than 2 million wallets eligible to obtain JUP tokens.
Jupiter is distributing 700 million JUP price round $500 million. The airdrop began at the moment, however eligible customers can have three months to assert their tokens.
The Extremely Anticipated Jupuary Airdrop
The Jupuary airdrop is legitimate for 3 distinct teams. The most important allocation is for token swappers, who will obtain 425 million JUP tokens.
Stakers would be the second largest recipients, with 75 million JUP airdrop. The ultimate class consists of energetic governance individuals within the Jupiter ecosystem and group contributors.
In the meantime, JUP dropped over 8% following the Jupuary airdrop launch. This was anticipated, as airdrop recipients would liquidate their rewards throughout completely different exchanges.
JUP Day by day Value Chart
The token’s every day buying and selling quantity additionally spiked by over 100%, in accordance with CoinMarketCap knowledge.
However, some customers have reported being unable to assert their award tokens. Jupiter responded saying that the claims course of is gradual as a result of giant quantity of customers. Nonetheless, all claims will likely be processed.
“The pie is rising too quick claims are somewhat gradual, however are nonetheless working. We’re being throttled by web2 infrastructure suppliers, so requests are nonetheless going by however gradual. Working round now! Be affected person with us,” Jupiter wrote on X (previously Twitter)
Jupiter is at the moment the biggest decentralized alternate on the Solana community. Up to now month, the alternate recorded over $870 million in buying and selling quantity.
Jupuary can be one of many largest crypto airdrops in current months. The JUP token was launched only a 12 months in the past and it shortly reached a peak of $1.75 as a result of Solana meme coin hype. The tokens has declined since then.
Prime 5 DEXs on Solana Primarily based on Buying and selling Quantity. Supply: DappRadar
Most lately, the altcoin was added to Grayscale’s record of potential funding property for this 12 months.
Total, crypto airdrops have intensified all through 2024 and the development steady this 12 months. Extra new tasks are saying airdrop particulars to gian group engagement and doubtlessly onboard giant quantity of wallets to their ecosystems.
