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Cryptocurrency News Articles
Jupiter To Airdrop 700 Mln JUP Tokens, Plans to Distribute 4.25 Billion Tokens Throughout 2025
Dec 27, 2024 at 06:08 pm
Jupiter, the largest decentralized exchange aggregator on the Solana ecosystem, has revealed an exciting Airdrop for its community. In January 2025
Jupiter, a decentralized exchange (DEX) aggregator on the Solana (SOL) blockchain, has announced an airdrop of 700 million JUP tokens, valued at around $580 million, to active platform users in January 2025.
The airdrop is part of a broader plan to distribute 4.25 billion JUP tokens throughout 2025.
According to the announcement, the airdrop will benefit 2.3 million eligible wallets, including traders.
The platform has identified two primary groups of users for the airdrop. The first group comprises 2 million swap users who have engaged in transactions on Jupiter’s platform.
Meanwhile, the second group includes 320,000 professional traders known for handling large trade volumes.
The airdrop will see 425 million JUP tokens being distributed to active traders on the platform.
Furthermore, around 75 million JUP tokens are reserved exclusively for staking investors.
To encourage active staking, Jupiter has introduced a reward structure where users will receive 0.1 JUP for every 1 JUP token they stake.
This approach not only boosts investor confidence but also fosters a robust staking environment on the platform.
The airdrop is set to take place in January 2025, with the specific date yet to be announced by the platform.
As the announcement states, the JUP token price has shown a positive trend, increasing by 2.6% within a single day, with the token currently trading at $0.857 at the time of writing.
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