Jupiter, a DEX aggregation platform on Solana, has announced plans to hold an airdrop event called "Jupuary" in January 2025. This is the second airdrop following the first event in January 2024, when Jupiter distributed 1.35 billion JUP to nearly one million eligible wallets.
In the upcoming airdrop, Jupiter plans to distribute 700 million JUP, aiming to reward loyal users who actively participate in their ecosystem.
This news is both good and bad; good for those farming the airdrop, bad for those holding as 700 million JUP will soon be released into the market. It could also be a scam, the team might buy back and pump the price, so it's advisable to observe further as Q1 next year the market is likely to heat up.
