Jupiter Plans $580 Million Airdrop to Enhance Ecosystem Engagement
Jupiter, a decentralized exchange (DEX) aggregator on Solana, will launch a significant giveaway called “Jupuary” in January 2025. This event will distribute 700 million JUP tokens, valued at approximately $580 million, to users, stakers, and contributors based on recent blockchain activity.
Targeting Growth through Community Rewards
Eligibility details are pending discussion. The upcoming airdrop follows Jupiter's first distribution in 2023, where about 1 billion JUP was given to wallet addresses with at least $1,000 in swap volume. For the “Jupuary” airdrop, allocations will be divided between active users and stakers, and community supporters identified as “Carrots and Good Cats.”
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 airdrop allocation for users and stakers will depend on their activities over the past year. For example, wallets with an annual trading volume of $800 may receive 50 JUP, while those with $29,000 could earn 250 tokens. More than 2.3 million wallets are potentially eligible for this airdrop.
Reducing Supply for Long-Term Stability
In addition to the airdrop, Jupiter plans to adjust its tokenomics by reducing the maximum supply from 10 billion to 7 billion through the burning of over 3 billion tokens. Currently, the circulating supply of JUP is 1.35 billion tokens, with a fully diluted valuation of around $8.2 billion. This strategy aims to enhance the token’s value and promote sustainable growth.
Since its launch in October 2021 by the pseudonymous creator Meow, Jupiter has become integral to Solana’s DeFi ecosystem by aggregating liquidity from various DEXs to ensure users receive optimal token swap rates. The platform has also expanded into perpetual trading, catering to advanced traders. Recently, it facilitated trades worth over $2.3 billion within a 24-hour period, affirming its position in the DeFi space.