Jupiter Announces $575 Million Airdrop in “Jupuary” with 700 Million JUP Tokens

• Jupiter’s Jupuary airdrop will distribute 700 million JUP tokens worth $575 million to nearly 2 million eligible wallets based on activity.
• Despite high demand causing delays in token claims, Jupiter reassures users that all submissions are being processed efficiently.

Jupiter, a decentralized exchange aggregator on Solana, launched its highly anticipated Jupuary airdrop on January 22, 2025. Around 700 million JUP tokens, worth $575 million, will be distributed to nearly 2 million eligible wallets. The event, notable for its massive scale, has drawn significant attention across the cryptocurrency sector.

we built the best trading platform in DeFi, we created the largest and most active DAO in crypto

and today, we’re taking a historic step towards expanding the Jupiverse with the largest user airdrop in history to 2M qualified wallets

join the Jupiverse: https://t.co/gmfodjJiqy

— Jupiter 🪐 (@JupiterExchange) January 22, 2025

In order to simplify participation, the platform offers an eligibility checker in advance. Distribution is based on user activity, with rewards for various engagement types. For instance, 425 million JUP tokens are allocated to users involved in token swaps, with trading volume determining tiered rewards. Additionally, 75 million JUP tokens are set aside for stakers, including bonuses for active governance voters.

As part of its annual tradition, now in its second year, Jupiter continues to prioritize user engagement. Similar events are planned each January through 2027, reinforcing its position as a user-focused platform. Last year’s airdrop distributed over 1 billion tokens, maintaining momentum for ongoing initiatives.

Airdrop Impact Analysis — JUP Drop 9%

Founded in October 2021 by Meow, the platform aggregates liquidity from various decentralized exchanges and offers additional features, such as perpetual trading. Jupiter’s circulating supply now stands at 1.68 billion tokens, with a market cap of $2.38 billion and a current trading price of $0.8146—up 30% since early 2024.

Recent developments have driven significant attention toward Jupiter. On January 18, its price climbed to $1.14, buoyed by a bullish trend and the launch of the TRUMP memecoin. While other tokens saw a market correction, JUP held steady, recording a trading volume spike to $1.37 billion. However, that volume has dropped 9% today, highlighting a cooling period just as the airdrop kicks off.

The timing of the “Jupuary” airdrop could spark renewed interest, but there’s a catch. Analysts anticipate intense selling pressure once the claiming process begins, potentially triggering a price dip instead of a rally. Jupiter’s social dominance, which has risen to 1.71%, underscores the growing buzz around the token, yet low buying pressure could dampen bullish prospects.

Claiming Award Tokens Delayed

Some users have reported difficulties in claiming award tokens. Jupiter attributed the delays to high user demand, explaining that web2 infrastructure limitations slow the claims process. Despite this, all submissions are being processed, and users have been urged to remain patient as the team works to resolve the issue.

Jupiter, the largest decentralized exchange on the Solana network, facilitated over $873 million in trading volume in the past month. Additionally, the platform hosted Jupuary, one of the most significant crypto airdrops in recent months. The JUP token, launched a year ago, initially surged to $1.75 during the Solana meme coin frenzy but has since declined in value.

Recently, the altcoin was included in Grayscale’s list of potential investment assets for 2024. The broader trend of crypto airdrops accelerated throughout 2024, and the momentum continues this year as numerous new projects unveil airdrop initiatives to engage communities and attract more wallets to their ecosystems.