DEX Platform Jupiter Plans to Airdrop JUP Tokens by Late January

After much speculation within the community, the Solana-based DEX platform Jupiter has confirmed it will conduct an airdrop of JUP tokens by the end of January 2024.

DEX Platform Jupiter Plans to Airdrop JUP Tokens by Late January

In an update posted on the evening of January 2nd, Jupiter - the leading DEX on the Solana ecosystem - announced it will begin organizing an airdrop of JUP tokens by late January.

Previously, in November 2023, Jupiter confirmed it would airdrop 40% of the total supply of JUP tokens to early users of the DEX platform, divided into multiple rounds. The first round of airdrops will include over 950,000 eligible wallet addresses.

Founder Meow stated that the first JUP airdrop event will be designed as a large-scale token allocation test, not aimed at price pumping or stimulating community demand.

Therefore, Jupiter will dedicate the next 3 weeks to providing as much information as possible to users, ensuring infrastructure readiness for the airdrop day, and finally distributing tokens in the last week of January 2024.

Meow also noted that the JUP airdrop day will be a real stress test for the Solana network.

Solana has seen a remarkable recovery in Q4 2023, driven by meme coins and airdrop waves such as Pyth Network (PYTH) and Jito (JTO).

Jupiter itself also reported a highly successful December 2023 with trading volumes reaching $16.6 billion USD, the highest record to date.

Monthly trading volume on the Jupiter DEX platform. Source: Jupiter Station (01/03/2024)