Solana’s Largest Airdrop: Jupiter Aggregator to Launch Native Crypto JUP, Estimated at $0.76 per Token
Jupiter’s Groundbreaking Airdrop in the Solana Ecosystem
The anonymous founder of Jupiter, Meow, announced on social media platform X a significant event in the Solana DeFi space — the launch and airdrop of Jupiter’s native cryptocurrency, JUP. Scheduled for the fourth week of Jupuary (January), this initiative marks a pivotal moment for Solana’s blockchain.
Further reading：Solana Aggregator Jupiter Launches its First Airdrop with 1 Billion JUP Tokens!
Key Details of the JUP Token Launch
- Total Token Supply: Jupiter plans to mint a total of 10 billion JUP tokens.
- Distribution Strategy: These tokens will be evenly distributed across two cold wallets — 50% for the community and 50% for the team.
- Team Wallet Allocation: 10% of the team’s tokens will be used for liquidity provision.
- Community Wallet Allocation: 15% will be allocated for the initial airdrop and to meet immediate community demands.
- Liquidity Provision (LP) Account: 5% of tokens will be utilized for the initial token launch pool. The remaining allocation is undecided, with a potential additional 1%-2% becoming liquid on day one.
In total, approximately 15%-17.5% of JUP tokens are expected to enter market circulation on the launch day, with 7.5%-10% in hot wallets and the rest in cold storage.
JUP Token’s Pre-Launch Valuation
Currently, JUP tokens are not officially trading, but Aevo, an on-chain options trading platform, has launched JUP futures. The price is temporarily reported at $0.76, with a 24-hour trading volume of around $57,000 and an open interest of $1.422 million. If this valuation holds true, the airdrop could be worth close to $500 million, making it one of the largest in history and the biggest on the Solana chain.
Further reading：Top 10 Crypto Airdrops: Uniswap Ignites DeFi Frenzy, TIA and BONK Emerge as Dark Horses
Jupiter: A Comprehensive DeFi Solution on Solana
Jupiter operates as a decentralized trading aggregator on Solana, offering users low slippage and cost-effective token exchanges. It aims to provide a multifunctional product suite in a single interface, currently featuring trade aggregation, limit orders, Dollar-Cost Averaging (DCA), cross-chain trade aggregation, and perpetual contracts.
Further reading：Solana Airdrop Extravaganza: Unveiling 7 High-Potential Protocols and Strategic Interactions
Moreover, Jupiter focuses on developing tools for creators to integrate DApps, user interfaces, or web browsers effortlessly. Notable Solana projects already connected to Jupiter include Orca, Raydium, and Serum.
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Keywords: Solana, Jupiter Aggregator, JUP Token, Airdrop, Cryptocurrency, DeFi, Aevo, Token Launch, Liquidity Provision, Blockchain, Decentralized Trading, DApp Integration, Token Valuation
