Jupiter to Airdrop 700 Million JUP Tokens Worth $612 Million
Jupiter, a decentralized exchange on Solana, will airdrop 700 million JUP tokens on Wednesday, marking a record in airdrop history.
Key details:
- The airdrop is part of the "Jupuary" event, established through a governance vote in December.
- Event begins at 15:30 UTC.
- Concerns about supply sustainability led to an amendment for a token audit and burn schedule.
- Current trading price of JUP is $0.87, down 2% in the last 24 hours.
- Total value of the airdrop amounts to $612 million.