🚀 Jupiter’s $590M Airdrop: Is $JUP Set for a Comeback?
Jupiter’s upcoming Jupuary event will distribute 700 million JUP tokens, valued at over $590 million, to 2.3 million wallets. Out of this, 425 million JUP will be airdropped directly to users while 75 million JUP is reserved for stakers.
The airdrop rewards active traders and stakers, offering 0.1 JUP for every token staked. However, JUP’s price has declined from $1.40 to $0.82, raising concerns about how releasing such a large supply could impact the market. Some believe the influx may push prices lower, while others see staking incentives and increased trading volumes as potential stabilizers.
With the event approaching, many in the community are weighing the risks and rewards. This airdrop could mark a turning point for Jupiter by boosting engagement and reducing the circulating supply.
