Three traders scored big profits thanks to Jupiter Exchange’s native token, JUP, during its airdrop, despite fluctuations in JUP’s price.
Jupiter Exchange’s native token, JUP, caused a stir in the global crypto scene as it helped three traders secure massive profits amid the broader market. These traders, identified as airdrop hunters, raked in over $1 million from the JUP airdrop, receiving 5.5 million JUP valued at $3.6 million across 27,600 wallet addresses, as revealed by Solscan’s data. Despite recent volatility, JUP’s price was trading positively at the time, piquing the interest of traders and investors.
JUP Airdrop Triggers Global Interest
On-chain data reveals that addresses 7poJrJn…, 2rSAFYA…, and DyyQ55ei… were the beneficiaries of the aforementioned profits, sparking widespread interest among crypto enthusiasts worldwide as JUP’s price experienced significant fluctuations since its launch.
Furthermore, Solscan’s data indicates that these hunters still retain substantial amounts of JUP. Address 7poJrJn… holds 319K JUP valued at $191,344, while address 2rSAFYA… holds 884,601 JUP worth $530,606. Additionally, address DyyQ55ei… boasts a staggering 1.06 million JUP, valued at $640,853.
Meanwhile, Jupiter Exchange’s community has celebrated the recent success of the airdrop, expressing intentions to enhance Jupiter’s ecosystem and contribute to the growth of the Solana ecosystem.
Simultaneously, the DEX’s founder shared insights into Jupiter’s upcoming initiatives to pioneer the DeFi realm, including the establishment of a J.U.P. working group and other forthcoming developments.
Amidst these developments, Jupiter has made significant strides, attracting notable attention with its listing on Binance, a prominent centralized exchange. Additionally, the project’s founder, known as Meow, addressed recent market fluctuations and strategic listings concerning the JUP token.
Jupiter Exchange Price Dynamics
As of the current press time, Jupiter Exchange’s price has surged by 2.81% over the past 24 hours, reaching $0.6201. Despite this increase, the token demonstrates high volatility, as indicated by market charts provided by CoinMarketCap.
However, despite the recent upward movement, the token has primarily traded in the red since its recent listing. This trend has led to further considerations and interpretations regarding the token’s performance and market behavior.
Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.
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