Jupiter will airdrop 700 million JUP users in January 2025

Jupiter, the largest DEX Aggregator platform on the Solana network, is preparing for a major airdrop event called “Jupuary” to expand the scope of its JUP token distribution.

Expected in January 2025, Jupiter will distribute 700 million JUP tokens, equivalent to $580 million at current market value ($0.83), to users, stakers and individuals who have made significant contributions to the project. Snapshots to identify who are eligible to participate in the event were taken in November.

Although the Jupiter development team is still in the process of finalizing the specific criteria for the airdrop, and the community is excitedly discussing the reward guidelines, overall, Jupiter's distribution strategy is divided into two main groups:

• Users and Staker: This group includes people who have been using Jupiter products, as well as participants in JUP token staking.
• Carrots and Good Cats: This group is for supporters of the Jupiter community in an active and prominent way.

This distribution structure clearly demonstrates the goal of Jupiter DAO: Encourage new users to participate and appreciate existing users, thereby expanding the JUP ecosystem.

A draft airdrop criteria is under consideration, in which trading volume across all Jupiter products over the past year is the key factor. In particular:

• Users with a minimum trading volume of $800 will receive at least 50 JUP tokens (approximately $41 at current prices).
• The higher the transaction volume, the greater the number of tokens received, for example: $29,000 corresponds to 250 tokens, $500,000 corresponds to 3,000 tokens...
• An estimated 2.3 million wallets are eligible for airdrops.

This is not the first time Jupiter has airdropped for the community. In November 2023, the project airdropped nearly 1 billion JUP tokens to users reaching at least $1,000 in swap volume on the platform.

Currently, the circulating supply of JUP tokens is 1.35 billion, while the maximum total supply is 10 billion tokens. At current prices, Jupiter's fully diluted market capitalization stands at $8.2 billion. Notably, Jupiter is planning to reduce the maximum total supply to 7 billion tokens by burning more than 3 billion tokens. The move was approved by the community in August 2024.

Launched in October 2021 by anonymous developer Meow, Jupiter quickly asserted itself as a leader in DEX synthesis on Solana. The platform aggregates liquidity from various DEXs, helping users find the best token swap rates. In addition, Jupiter offers perpetual futures trading products.

In the past 24 hours, trading volume on Jupiter has exceeded the $2.3 billion mark, indicating the attraction of the platform after the airdrop announcement.