Jupiter DEX Aggregator Announces New Airdrop

The largest DEX liquidity aggregator in the Solana ecosystem, Jupiter, plans to conduct an airdrop of 700 million JUP in January 2025.

Jupuary 2025 ?

Here is the first Overview of the upcoming Jupuary distribution.

Team decided to go with a split between Users & Stakers and Carrots & Good Cats.

This way we are trying to appreciate everyone in the Jupiverse!

Note: This is a Draft, Subject to change ? pic.twitter.com/mbGNy3QxSe

— Jupiter Uplink (@jup_uplink) December 26, 2024

The project team will finalize the distribution terms through community discussions.

Preliminary data suggests that 425 million JUP will be allocated to Jupiter users, 75 million to stakers, and the remaining 200 million will fund the Carrots and Good Cats reward systems.

The claim amount depends on the participant’s activity on the platform. At the time of the announcement, a network snapshot had already been taken.

Rewards are divided into five tiers based on the volume of swaps conducted on Jupiter. The minimum threshold is $1,000 in trading volume. Participants will also need to verify they are not bots. According to the team, about 2.3 million wallets fall into this category.

Traders who have used advanced platform features like DCA or perpetual futures will receive additional rewards.

Following the announcement, the aggregator’s daily trading volume exceeded $2.32 billion.

In January 2024, the Jupiter team conducted a similar airdrop coinciding with the launch of the JUP token.

Amid the excitement surrounding the asset, trading volume on the platform reached $1.4 billion—twice the average for that period. At its peak, the price of JUP was $0.7458, but it fell by 24.2% to $0.5654 within a day.

Community members suspected the Jupiter team of involvement in the price drop.

Adam Cochran, managing partner at Cinneamhain Ventures, noted allegations that developers sold about $30 million in JUP immediately after launch. They also received fees from platform operations and controlled a large portion of the token supply. In his view, such actions damage the project’s reputation.

Jupiter’s founder, known as Meow, responded that the sale was conducted “on the open market,” and the criticism was unfounded. He also clarified that the team sold about 250 million JUP, which was 2.5% of the issuance.

At the time of writing, JUP is trading at $0.85. The market capitalization stands at $1.155 billion.

In December, Movement Network announced the genesis airdrop of the MOVE token.