Jupiter, the Solana decentralized exchange, made a surprising announcement: those who participated in recent airdrops won’t be able to receive JUP tokens in future ones. This decision caused the price of JUP to rise by 25%.
Solana’s Jupiter decentralized exchange announced on Monday that users will have yearly chances to obtain JUP tokens through airdrops every January. However, recent joiners won’t be eligible for upcoming distributions. Jupiter plans to allocate 40% of the total 10 billion JUP tokens for community growth, intending to distribute them across four rounds of airdrops.
Jupiter Decentralized Exchange Surpasses Uniswap V3 in Trading Volume
Amidst the frenzy surrounding the WEN meme coin and JUP airdrops, Jupiter decentralized crypto exchange has achieved a remarkable feat by surpassing Uniswap V3 in 24-hour trading volume for consecutive days. According to CoinGecko data, Jupiter recorded a trading volume exceeding $517 million, outpacing Uniswap V3’s $492 million on Ethereum.
In a recent announcement on January 29, Jupiter co-founder Meow disclosed that participants in recent airdrops will not be included in the upcoming round. Furthermore, Meow outlined that the airdrop process will commence every November and conclude by the end of January for future distributions.
“Executing on airdrops is extremely taxing for us given the extreme amount of effort we put into it to make it as fair, fun, and inclusive as possible,” Meow stated.
Despite these adjustments, the exchange remains committed to enhancing the platform, advancing the meta, and expanding the catdets core. Participants have only two days remaining to claim their JUP tokens as the exchange continues its journey of growth and development.
Jupiter Project Tokens Surge Amid Airdrop Excitement
The ERC-20 token associated with the Jupiter Project is experiencing significant price movements amidst the ongoing JUP token airdrop by Jupiter exchange. Notably, the governance token of Jupiter exchange, JUP, has yet to be listed. In the past 24 hours, the price of Jupiter Project (JUP) tokens has surged by 25%, reaching a current trading price of $0.00622. During this period, the price fluctuated between a low of $0.00483 and a high of $0.00642.
Simultaneously, the WEN token has seen a notable increase in price, currently trading at $0.000167, marking a 36% surge over the past 24 hours. The trading volume for WEN has also spiked by 85% during this period.
Several crypto exchanges, including Bybit, HTX, MEXC, and KuCoin, have announced plans to list the JUP token in response to overwhelming demand from the crypto community. This move suggests growing interest and anticipation surrounding Jupiter’s native token as the platform’s ecosystem continues to expand.
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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