Jupiter Exchange, one of the largest decentralized exchanges on Solana, will be launching a massive airdrop of 700 million JUP tokens this month. This airdrop is not only an opportunity to earn tokens, but also a chance to get involved in the growing Jupiverse ecosystem. Here are the key details about the Jup airdrop.
Jupiter Will Launch 700 Million JUP Token Airdrop
In a recent tweet, Jupiter Exchange founder Lochie Jarvis announced a 700 million JUP airdrop, scheduled to launch in January. The initiative aims to reward active community members and encourage people to trade, engage, and contribute to the platform.
JUPUARY AIRDROP COMING SOON EVERYTHING you need to know! Here are the THREAD details pic.twitter.com/D6xJU58sca
— Lochie (@lochiejarvis201) January 4, 2025
Participants will be able to earn tokens for a variety of actions, including swap volume, sharing knowledge, and interacting with the community on platforms like Discord, Reddit, and X.
How Will Tokens Be Distributed?
Here are the details of the airdrop distribution:
500 million JUP tokens will be awarded to users based on their swap volume and trading expertise.
200 million JUP tokens will be given as incentives (“carrots”) to active community members, content creators, and people who nominate great traders.
This is a big plan to expand the community and make the Jupiverse ecosystem even bigger and more interesting!
Eligibility Criteria for Airdrop
To qualify for the airdrop, users need to have a minimum swap volume of $800. For that, they will receive 50 JUP tokens. If you are active and have made a lot of trades, you are in luck!
But remember, transactions under $5 will not be counted, and suspicious activity, such as the use of bots, will result in an exclusion.
However, this airdrop will be launched from January 18th to 24th, right before the much-anticipated Catstanbul event on January 25th. An airdrop checker tool will be available for fairness, so you can easily check your eligibility.
JUP Price Analysis
Currently, the JUP token is priced at $0.95, reflecting a slight increase with a market cap of $1.29 billion, indicating growing confidence in the project.
However, this airdrop will likely add more excitement to the market and could possibly push the JUP price higher.