🔥INCREDIBLE JUPITER!🚀

• Jupiter airdrop crashed network #Solana at launch

The official launch of the exchange and its token caused a lot of stir, to the point that commissions on Solana doubled on January 31.

• The Jupiter airdrop was valued at USD 700 million.

• By mistake, a 430% bump and dump of another JUP token was made, but in Ethereum.

The Jupiter airdrop was valued at USD 700 million, thanks to the distribution of JUP 1.35 billion at an initial value of USD 0.40 per unit. During the day, the JUP price reached $0.70. At the time of writing this post, the token is trading at USD 0.58.

Among decentralized finance (DeFi) protocols on Solana, Jupiter is the 13th with the most total value locked (TVL) at $92 million. However, a report from January 30 positioned it as the most used DeFi service on the network, with 80% of the organic volume. Additionally, it became the decentralized exchange (DEX) with the highest overall trading volume, with $1.3 billion in the last 24 hours.

💰A lucky guy who became a millionaire💰

• Beyond the repercussions of Jupiter's #airdrop for Solana and the confusion with its "namesake" in Ethereum, a new millionaire was created yesterday in the world of cryptocurrencies. Someone under the name "7poJrJ" received JUP 1.85 million in the airdrop, which is equivalent to USD 1.1 million at the close of this post, on-chain analytics account Lookonchain revealed.

After receiving the tokens, the owner of the fortune took immediate action and sold 1.4 million JUP at USD 0.63 on decentralized exchanges. Additionally, he transferred 121,000 JUP to the Bybit and MEXC exchanges. At his Solana address, he still keeps JUP 319,000.

I wish I had been a lucky one from our community at #CriptoGemas

Source: CriptoNoticias