The post Jupiter’s $616M JUP Airdrop: How to Claim Your Share of 700M JUP Tokens appeared first on Coinpedia Fintech News
Jupiter, a Solana-based decentralized exchange aggregator, is distributing nearly 700 million JUP tokens, valued at $616 million, in its much-anticipated “Jupuary” airdrop. Following the news, Jupiter’s token, JUP, is currently trading at $0.88, reflecting a 33% increase since its launch in January 2024. With a circulating supply of 1.68 billion tokens out of a maximum of 10 billion, the platform boasts a market cap of $1.48 billion.
the moment you’ve been waiting for is nearly here
the Jupuary airdrop claim will go live on Wednesday at 3:30pm UTC
at the same time, @kashdhanda & @9yointern will host a special J.U.P Rally to celebrate and properly welcome everyone to the Jupiverse!
J4J pic.twitter.com/wntUmNlobO
— Jupiter
(@JupiterExchange) January 21, 2025
Notably, the event is designed to reward active users and community contributors, cementing January as a month of generosity for the platform.
Who Gets the Tokens?
The airdrop focuses on two key groups: active traders and dedicated community members. For traders, 425 million JUP tokens are allocated based on trading activity, with higher trading volumes earning larger rewards. Another 75 million tokens are set aside for users who staked JUP, with bonuses for those who regularly participated in governance votes. Jupiter’s emphasis on rewarding engagement highlights its commitment to building a loyal user base.
How to Claim the Airdrop
Eligible users can claim their tokens directly on Jupiter’s platform starting today. The airdrop is structured to ensure a fair distribution, encouraging both trading and active involvement in the platform’s governance.
Jupiter’s Airdrop Legacy
This isn’t the first time Jupiter has made headlines with an airdrop. Last year, the platform distributed nearly 1 billion JUP tokens in its inaugural event. The team plans to continue this tradition annually through 2027, turning January into a highly anticipated month for the Jupiter community.
Founded in October 2021 by a developer known as “Meow,” Jupiter aggregates liquidity from multiple decentralized exchanges on Solana, simplifying trading for users. It also offers perpetual trading products, catering to diverse trading needs.
A Community-First Approach
Jupiter’s airdrop strategy not only rewards its users but also strengthens its ecosystem by encouraging active participation. The platform’s focus on inclusivity and engagement sets it apart, making it a standout player in the decentralized exchange space.
As Jupiter’s “Jupuary” airdrop unfolds, the community is waiting for its rewards that connect with users and make it a user-centric innovation. The market is positive with Trump’s effect and this airdrop can help the platform get more adoption as investors are looking for new and low-cap tokens to diversify their portfolio.