Solana-based DEX aggregator Jupiter is set to distribute hundreds of millions of JUP tokens for its annual airdrop. Find out if you are eligible for Jupiter’s famous “Jupuary”.
“Jupuary”: Jupiter launches its annual JUP token airdrop
In a crypto ecosystem where airdrops abound but often struggle to make an impression, Jupiter, the decentralized DEX aggregator based on the Solana blockchain, is preparing to distribute 700 million JUP tokens, or approximately $616 million. According to Jupiter, nearly 2 million addresses are eligible for this airdrop.
✅ To check your eligibility, go to the official checker, and be wary of the links circulating. The claim is accessible on the same URL as the checker from 4:30 p.m. (French time).
Two main categories have been defined for the distribution of JUP tokens:
- Active traders : 425 million tokens were allocated to users who carried out exchanges on the platform, with a weighting taking into account the volumes exchanged. A direct way to reward those who support Jupiter's economic activity;
- Stakers and participants in governance : 75 million tokens were allocated to JUP holders who participated in the strategic decisions of the platform via votes or contributions to staking.
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However, this increase in supply has raised questions among observers about its impact on the economic dynamics of the project. Since its first airdrop last year, it must be recognized that Jupiter has had the merit of maintaining the enthusiasm around its project, and therefore the price of its token. However, adding tokens to the supply creates a mechanical effect of dilution.
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To address these concerns, Jupiter announced a token audit and burn scheduleaimed at limiting the risks of dilution and maintaining a certain stability in the token economy.
The JUP token, after reaching a price of $0.92, saw its market capitalization climb to $1.48 billion. Its price has fallen very slightly since then. Jupiter is planned to distribute an allocation of JUP tokens to its community every January until 2027, an annual event dubbed “Jupuary”.
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