Solana DEX Jupiter's JUP Token to Debut With 1.35B Circulating Supply
Summary
Jupiter, a decentralized trading aggregator on the Solana network, is set to launch its native token, JUP, via an airdrop. The initial maximum circulating supply will be 1.35 billion tokens, reduced from the previously planned 1.7 billion. The token could start trading with a market capitalization of approximately $700 million, based on the JUP-U.S. dollar perpetuals trading at 65 cents on Aevo. The initial supply includes 1 billion coins for airdrops, 50 million each for loans to market makers on centralized exchanges and liquidity pool needs, and 250 million for a launch pool. Around 955,000 wallets that interacted with Jupiter before November 2 are eligible for the JUP airdrop.
