Jupiter Airdrop Awards Over $1 Billion Worth of JUP Tokens

cryptodailyPublished on 2024-01-30Last updated on 2024-02-01

Abstract

The post Jupiter Airdrop Awards Over $1 Billion Worth of JUP Tokens appeared first on Althalla.


Table of Contents

Key Takeaways
The key takeaways from Jupiter’s airdrop of its native JUP token are:

  • The airdrop awarded over $1 billion worth of JUP tokens to eligible Solana wallets.
  • Around 47.3% of the airdropped tokens have been claimed so far.
  • The protocol’s market cap is close to $1 billion with JUP trading around $0.65.
  • JUP price surged by 70% after the airdrop started.
  • Over 955,000 wallets were eligible for the airdrop with 40% allocated in four rounds.
  • Jupiter’s trading volumes surpassed $1 billion on its token launch day.

Airdrop Details

Jupiter, a Solana-based decentralized exchange (DEX) aggregator launched an airdrop of its native JUP token…The protocol’s fully diluted market cap is approximately $7.18 billion with 1.35 billion JUP tokens circulating out of 10 billion.
The airdrop commenced at 10 am EST on , allocating 40% of the total supply in four rounds… As per Flipside dashboard reports, 47.3% of the 1 billion airdropped JUP tokens have been claimed so far.
A total of 955,000 wallets were eligible to participate, with the first round allocating 10% of the tokens.
To check eligibility, users can submit their Solana wallet address on the Solana Airdrop Checker website. If eligible, they can claim their JUP tokens on Jupiter’s LFG Launchpad by connecting their wallet.
Jupiter’s DEX volume surpassed $1 billion on the day of its token launch and is expected to see weekly trading volumes of $4-5 billion.
The post Jupiter Airdrop Awards Over $1 Billion Worth of JUP Tokens appeared first on Althalla.

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