Solana DeFi aggregator platform Jupiter ($JUP) opened its airdrop for claiming at 11 PM last night, causing a strong market response as major exchanges listed JUP spot trading pairs. Within 24 hours, the trading volume of JUP surpassed $500 million, and the price surged to a high of $2 in a short period, with a gain of over 9900%.
(Previous summary:
Jupiter’s big airdrop opens for claiming tonight at 11 PM! Binance and OKX simultaneously listed, off-market price of JUP soars to $0.67
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(Background supplement:
Solana’s largest airdrop in history: In-depth analysis of Jupiter’s product and token valuation
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Solana DeFi aggregator platform Jupiter ($JUP) opened its airdrop for claiming at 11 PM last night, and major exchanges quickly listed JUP spot trading pairs. According to CoinGecko data, the top five exchanges in terms of trading volume (from largest to smallest) are Binance, OKX, Bybit, Orca, and Gate.io, with a total trading volume of over $500 million in the past 24 hours.
The most volatile exchange was Bybit, which started trading at 11 PM. In the first 15 minutes, the price of JUP surged by 9900% from $0.02 to $2, and then continued to fluctuate between $0.6 and $0.8. Currently, the token’s volatility is very high, and users are reminded to be cautious about investment risks.
Source: Bybit
Over 58% of JUP airdrop has been claimed
According to a previous statement by Jupiter’s founder, a total of 1.35 billion JUP tokens were released in this airdrop, with 1 billion JUP for claiming, 250 million JUP for the launch pool, and 50 million JUP each for “lending to market makers on centralized exchanges” and “any on-chain liquidity provision.” According to the team, there are approximately 955,000 eligible wallets, including early users who conducted at least $1,000 in transactions with the protocol before the snapshot on November 2nd last year. According to Dune data, 411,442 addresses have already claimed a total of 586 million JUP tokens, accounting for 43.1% and 58.6% of the claimed addresses and airdrop tokens, respectively.
The minimum amount of JUP that eligible wallets can claim is 200 tokens, and a user with a wallet starting with AQjwv claimed up to 204,500 JUP tokens, making them the user with the highest claimed airdrop so far. Many users have also claimed over 100,000 tokens, and a user named Viktor, who calls themselves a Solana legend, has stated that they can claim 131,350 JUP tokens.
Users who did not receive the airdrop should not be too disappointed, as the team has stated that a total of 4 billion JUP tokens will be distributed to users in four stages. The 1 billion tokens in this airdrop are the first round, and users can expect three more rounds of airdrops in the future.
Source: jhackworth Dune
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