Jupiter, a Solana-based decentralized exchange aggregator, is set to carry out its highly anticipated “Jupuary” airdrop later today, distributing nearly 700 million JUP tokens valued at $616 million to its community.
Eligibility and Allocation
Ahead of the airdrop, Jupiter released an eligibility checker, allowing users to confirm their status before claiming rewards. The token distribution targets two key groups:
- Users and Stakers:
- 425 million JUP tokens are allocated for users who have actively engaged in token swaps on Jupiter. Distribution will be based on trading volume tiers.
- 75 million JUP tokens are reserved for stakers, with additional bonuses for consistent voters in governance proposals.
- Community Contributors:
- Jupiter recognizes “Carrots and Good Cats,” key contributors to the community, with special allocations to reward their efforts.
Annual Airdrop Tradition
This is Jupiter’s second airdrop, following its inaugural distribution of nearly 1 billion JUP tokens last year. The platform plans to continue its airdrops annually every January through 2027.
Jupiter’s Growing Ecosystem
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. The token, priced at $0.88, has surged 33% since its initial rollout in January 2024.
Founded in October 2021 by an anonymous creator known as “Meow,” Jupiter consolidates liquidity from multiple decentralized exchanges on Solana. It also offers perpetual trading products, solidifying its role as a key player in Solana’s DeFi ecosystem.
The airdrop is expected to further engage the community and enhance Jupiter’s position as a leading aggregator in the decentralized exchange space.
