As a seasoned crypto investor with a knack for spotting potential gems in the blockchain universe, I find myself intrigued by Jupiter’s upcoming airdrop scheduled for January 2025. With a staggering allocation of 700 million JUP ($581 million at current market price), it’s hard not to take notice.
In a recent announcement, Jupiter – a decentralized exchange (DEX) aggregator operating on the Solana network – has revealed the qualifications necessary for participants to receive its upcoming airdrop set for January 2025.
In simpler terms, for this airdrop event, we’re distributing 700 million units of JUP (Jupiter Coin), which translates to approximately $581 million based on the current market value.
2.3 Million Wallets Eligible for Jupiter’s Second Airdrop
As per Jupiter’s declaration, the distribution of 700 million JUP for the airdrop is divided into two categories. More precisely, 500 million JUP will be assigned to Users and Stakers, while the remaining 200 million JUP will go to Carrots and Good Cats.
- Users: Individuals who perform transactions on the platform, such as swaps.
- Stakers: Those participating in staking.
- Carrots: Users who continue holding their airdrop rewards, purchase/increase their JUP holdings, or are compensated after being mistakenly flagged as bots.
- Good Cats: Contributors who make quality contributions to the community.
Further information disclosed that about 22% (or roughly 2.32 million) of the total 10.65 million wallets can take advantage of the opportunity. Out of this group, approximately 2 million wallets have a trading volume of around $1,000 each. On the other hand, it was found that around 320,000 wallets are classified as Expert Traders, using advanced features such as limit orders, perpetual swaps, DCA (Dollar Cost Averaging), and Ape Pro.
Jupiter also noted that these conditions are drafts. They are subject to possible changes.
This year, Jupiter carried out its inaugural airdrop, one of the biggest in Solana’s record books. The platform dispersed approximately 1 billion JUP tokens to almost a million wallets. After the airdrop, the price of JUP soared an impressive 300%, climbing from $0.45 to a new peak of $1.85.
At present, the trading value of JUP hovers approximately at $0.85, having shown little change in price following the announcement of the second airdrop conditions.
Data shows that JUP currently has a circulating supply of 1.35 billion, with a maximum supply of 10 billion. In August, the platform proposed and gained 95% approval to burn 3 billion JUP—30% of the total supply—over six months
Furthermore, information provided by DefiLlama indicates that Jupiter’s Total Value Locked surpassed $2.4 billion in December. Over the last two months, daily Perpetual Swap (Perps) trading volume on the platform has averaged approximately $1.5 billion.
This month’s volume is twice as high as the typical volume seen in other months this year, indicating a surge in trading activity on Jupiter.
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2024-12-27 16:26