Jupiter Token Declines Ahead of 700 Million JUP Airdrop

The price of the JUP token, part of the DEX liquidity aggregator within the Solana ecosystem, fell by 4.6% over the past day ahead of the scheduled airdrop of 700 million coins on January 22.

The token distribution, described by the team as “the largest giveaway in history,” will commence at 17:30/18:30 (Kyiv/MSK).

The airdrop is part of the Jupuary initiative aimed at expanding the project’s ecosystem. In December, the community approved the planned activities within this initiative through a governance vote.

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

At current prices, the tokens allocated for distribution are valued at approximately $602 million. The asset is trading near $0.86, about 57% below the peak of $2 recorded roughly a year ago.

According to developer estimates, more than 2 million approved wallets will participate in the airdrop.

The team also reminded users:

• users will have three months to claim tokens, for which they need to create a Jupuary profile;
• addresses flagged as sybils or bots by the system can appeal until January 27.

“Don’t rush”

Ignore that, today we break the internet ? pic.twitter.com/wcFZ80NaK6

— Jupiter Uplink (@jup_uplink) January 22, 2025

Back in late December, Jupiter announced the token distribution, with a network snapshot already taken at the time of the announcement. However, some airdrop parameters were determined later.