Jupiter, the popular Solana-based decentralized exchange (DEX) aggregator, has launched an unprecedented $630 million airdrop as part of its “Jupuary” initiative. This massive distribution marks the second airdrop programme in it’s Jupuary initiative, and one of the biggest in the Solana ecosystem’s history.
The airdrop, announced earlier this month, is designed to distribute Jupiter’s governance tokens, JUP, to active users of the platform. Eligible participants include those who have executed swaps on Jupiter, provided liquidity, or staked JUP tokens in their wallets before the snapshot date. The total pool consists of 630 million JUP tokens, representing a significant portion of the token’s total supply.
“The moment you’ve been waiting for is nearly here
the Jupuary airdrop claim will go live on Wednesday at 3:30pm UTC,”
— Jupiter Team’s Official Statement
Users can claim their tokens directly through Jupiter’s official website, with a streamlined claim process designed to minimize transaction fees and ensure accessibility for all participants. In addition to a few other upgrades from the first Jupuary Aidrop claim last year, the protocol has also created a profile feature where users with multiple wallets to claim can capture all their wallets under a single profile.
Details of the Airdrop
The airdrop is strategically structured to reward different categories of users based on their platform activity. The distribution allocates 425 million JUP tokens to users who have actively engaged in token swaps on Jupiter, with allocations determined by trading volume tiers. An additional 75 million JUP tokens are reserved for JUP stakers, with bonuses for participants who consistently voted in governance proposals.
The platform has also targeted key community contributors, humorously categorized as “Carrots and Good Cats,” who will get extra tokens at the time of claim..
Jupiter, which has a circulating supply of 1.68 billion tokens out of a maximum cap of 10 billion, boasts a market capitalization of $1.46 billion. The JUP token, trading at $0.86 as of today, has surged by 33% since its initial rollout in January 2024.
Community Reactions and Market Impact
The announcement has generated significant excitement across the Solana community, with many users taking to social media to share their enthusiasm. The hashtag #Jupuary has trended on X for several days now.
“Today we celebrate #JUPuary and the best DEX on chain
Once majority of claims are done, I expect us to get a reprice of $JUP by a 5x.,”
— @DaviddoesNFT, crypto influencer
Qualified wallet addresses who have seen an allocation in the checker released last week will have up to three months to claim, said the Jupiter team as they released some more details:
Jupiter’s first airdrop programme which was held in January 2024, allocated and distributed 1 Billion tokens to over 600k wallets during their Token Generation Event (TGE)
Quick Facts: Jupuary Airdrop
- Total Tokens Distributed: 630 million JUP
- Eligibility: Active Jupiter users, liquidity providers, and stakers
- Claim Process: Accessible through Jupiter’s official website
- Market Impact: JUP token trading at $0.86
