Jupiter Exchange has announced a massive airdrop of 700 million JUP tokens, set to take place in January. This initiative aims to reward active community members, enhance liquidity, and boost engagement within the Jupiverse ecosystem. Scheduled before the highly anticipated Catstanbul event on January 25, the airdrop is expected to attract new users and strengthen the platform’s decentralized network.
Key Details of the Jupiter Exchange Airdrop
On January 4, founder of Jupiter Exchange Lochie Jarvis posted a detailed announcement on X about the highly anticipated 700 million JUP token airdrop scheduled for January. This initiative aims to reward community contributions, incentivize active users, and further expand the Jupiverse ecosystem.
The airdrop is divided into two key allocations: tokens for swap volume and trading expertise, and community-driven incentives, commonly referred to as “carrots.” Eligible users will receive rewards based on meaningful contributions, including onboarding new members, holding leadership roles, creating JUP-related content, and actively participating in forums like Discord, Reddit, and X.
A key point to note is the distribution of the tokens. As per the announcement, 50% of the total JUP supply will be allocated to the community, while the remaining 50% will go to the team, with most of the team’s allocation being vested until 2027.
🪂🟣JUPUARY AIRDROP IS COMING🟣🪂
🪐EVERYTHING you need to know! 🪐
Heres the break down 👇
🧵THREAD🧵 pic.twitter.com/D6xJU58sca
— Lochie (@lochiejarvis201) January 4, 2025
A Detailed Look Into The JUP Airdrop
The Jupiter Exchange airdrop follows a tiered system, where the allocation depends on users’ swap volumes and trading activity. A snapshot captured eligible activities from November 2, 2023, to November 2, 2024. Exclusions include transactions under $5, stablecoin-to-stablecoin swaps, and bot-like behaviors.
To qualify for the airdrop, users must have a minimum of $800 in swap volume, which will earn them 50 JUP tokens. Wallets that meet these criteria will receive rewards, while compromised wallets or late participation will not qualify.
Meanwhile, the event is expected to roll out between January 18 and 24, with the exact date set a week before the Catstanbul update on January 25. An airdrop checker tool will go live a few days prior to ensure fairness and transparency.
In addition, Jupiter Exchange will burn 30% of its tokens on January 26, 2025, during Catstanbul. This distribution underscores the project’s commitment to building a strong, engaged community and fostering decentralized growth.
JUP Price Trends and Market Activity
JUP price currently stands at $0.95, with a 24-hour trading range between $0.91 and $0.97. Over the past week, the token has seen a 20% surge, reflecting increased investor interest and confidence. The top Solana Coin’s market cap is $1.29 billion. Its trading volume is $120 million, marking a 15% increase from the previous day.
DefiLlama reports that the Solana-based project processed $3.15 billion in trading volume in the last 24 hours. As the Jupiter Exchange airdrop injects additional tokens into circulation, the market dynamics may shift.
Looking ahead, 2025 could be a significant year for airdrops, with many projects planning large-scale distributions. This airdrop may rank among the top crypto airdrops in 2025.
Coingape Staff
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Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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