Jupiter Targets JUP Airdrop for End of January
Summary
Decentralized trading aggregator Jupiter plans to airdrop its JUP token by the end of January. The Solana-based protocol has seen a surge in decentralized finance (DeFi) activity since early December, due to meme coins, the Jito airdrop, and the rising price of SOL. The airdrop is intended as an experiment in major token distribution, rather than an attempt to optimize hype or price. Nearly 1 million Solana wallets are eligible for a portion of the airdrop, which comprises 40% of JUP's total supply. The distribution will serve as a stress test for both JUP trading infrastructure and the Solana network.
