Jupuary Airdrop: How Jupiter DEX Plans to Distribute $580M in JUP Tokens?

Jupiter’s Jupuary Airdrop: Community Debates Eligibility for 700M JUP Tokens

With an airdrop event called Jupuary, Jupiter, the biggest decentralized exchange aggregator on Solana, intends to expand the distribution of its tokens. According to an X post, the project will give out 700 million JUP tokens, or $580 million, to users, stakeholders, and contributors in January. The community is actively debating the qualifying requirements, while the Jupiter team is still settling on the precise requirements for the airdrop.

The two main segments of Jupiter‘s most recent distribution plan are “users and stakers” and well-known community supporters known as “Carrots and Good Cats.” According to the Jupiter DAO, the distribution mechanism intends to encourage both new and current users, hence growing the JUP community.

Jupiter DAO Approves Token Burn: New Supply Cap Set at 7 Billion JUP

A preliminary eligibility criterion takes into account the trading volume of all Jupiter products during the previous 12 months. Among other distributions, this draft proposal specifies that consumers with an annual volume of at least $800 would earn at least 50 tokens, while those with $29,000 would receive 250 tokens. There are 2.3 million wallets that qualify. Jupiter distributed about 1 billion JUP tokens via airdrop last year to customers who have completed at least $1,000 worth of swap transactions on the platform prior to the November 2023 snapshot.

Given the current market pricing, the project has a fully diluted valuation of $8.2 billion, with a circulating supply of 1.35 billion tokens and a maximum supply of 10 billion tokens. However, Jupiter intends to lower the maximum quantity of tokens from 10 billion to 7 billion. This reduction, which was authorized by the community in August 2024, entails burning more than 3 billion tokens.

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