Here’s When to Expect the Jupiter JUP Airdrop for Solana DeFi Users - Decrypt

Here’s When to Expect the Jupiter JUP Airdrop for Solana DeFi Users – Decrypt

Time Stamp: January 2, 2024 7:56 PM
Here’s When to Expect the Jupiter JUP Airdrop for Solana DeFi Users - Decrypt PlatoBlockchain Data Intelligence. Vertical Search. Ai.

It can be tough to keep track of all of the token airdrops on the horizon, but there’s one of particular interest to Solana users: the launch of JUP, the token of decentralized exchange (DEX) aggregator Jupiter.

We previously heard that the Jupiter team was targeting a January launch, but now there’s a narrower window if you’d like to plan accordingly. On Tuesday, pseudonymous founder Meow said to expect the token airdrop during the last week of the month following a fair bit of additional prep in what it has dubbed “Jupuary.”

“Given the extensive amount of work, we expect launch day to be in the 4th week of Jupuary,” Meow tweeted. “Let’s work on it together.”

The team wrote that it still needs to communicate more around the launch, establish early infrastructure like liquidity pools and minting functionality, and work on “ensuring no cats left behind”—that is, apparently, making sure all eligible users can claim JUP. The planned launch will follow three weeks of sorting out final details with the community.

“So experiment we shall. And if we fuck up, we shall own up and we will get better,” Meow wrote. “That’s how we got here in the first place; I am determined to enter this new phase the same way. Show up, pay the price, learn the hard way if needed.”

In November, Jupiter said that nearly a million Solana wallets are eligible for the JUP airdrop. Jupiter launched an allocation check website in early December, but users cannot claim tokens until the actual airdrop begins later this month.

Jupiter will give out a total of 4 billion JUP tokens—that’s 40% of the total supply—across four drops, with a billion tokens set for the initial wave. Users have been allocated shares of tokens based on factors like their trading volume on the aggregator and how often they used the platform.

According to data from Solana Floor and Step Finance, Jupiter experienced its largest month of trading volume to date in December with about $16.65 billion worth of transactions—more than three times higher than its previous peak month in May 2022.

Jupiter’s airdrop comes following recent Solana token drops for Jito and Pyth Network. Another airdrop for Solana users, Dymension, was was announced Tuesday.

Edited by Ryan Ozawa.

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