Jupiter Exchange announced an airdrop of 700 million JUP tokens scheduled for January, aiming to reward active community members, increase liquidity, and strengthen interactions within the Jupiverse ecosystem. The airdrop is planned to occur before the Catstanbul event on January 25, which is expected to enhance the platform’s decentralized network.
Airdrop Details
The airdrop will take place between January 18 and January 24, one week prior to the Catstanbul event. Founder Lochie Jarvis detailed the airdrop’s objectives, emphasizing its goal of rewarding community contributions and encouraging active users.
Fifty percent of the total JUP supply will be allocated to the community, while the remaining fifty percent will go to the team, whose tokens will undergo a vesting period until 2027. The airdrop will be based on participation derived from trading volume and activity, with users having a minimum trading volume of $800 eligible to receive 50 JUP tokens.
Market Impact
Currently, the JUP token trades at approximately $0.95, reflecting a 20% increase over the past week. According to DefiLlama reports, the Solana 
$217-based project has recorded a trading volume of $3.15 billion in the last 24 hours. The influx of additional tokens into the market due to the airdrop could influence market dynamics.
Furthermore, Jupiter Exchange plans to burn 30% of its tokens during Catstanbul on January 26, 2025. This initiative reflects the project’s commitment to building a robust and engaging community.
The January airdrop event aims to attract new users to the platform and enhance the loyalty of existing users. The release of an airdrop tracking tool a few days before the event signifies a commitment to fairness and transparency.
The year 2025 is anticipated to be significant for large-scale airdrop plans across various projects, with Jupiter Exchange’s event expected to rank among the most notable crypto airdrops of the year.
This move by Jupiter Exchange is seen as part of a strategy to increase user engagement within the ecosystem and support token value. By providing various participation criteria and rewards, the platform aims to boost user interest.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
