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Jupiter, the decentralized trading aggregator, is set to airdrop its JUP token in late January, as revealed by its pseudonymous founder on Tuesday. This Solana-based protocol has been buzzing with activity since early December, driven by meme coins, the Jito airdrop, and SOL's surging price, creating a vibrant atmosphere in Solana's decentralized finance (DeFi) space. The upcoming airdrop is poised to test the endurance of the altcoin craze.
In a recent post on X, Jupiter's founder, Meow, emphasized that the protocol prioritizes functionality over hype or achieving a perfect price discovery. The airdrop, slated as a "high-stress event," aims to experiment with a significant token distribution while ensuring inclusivity â "ensuring no cats left behind."
A whopping 1 million Solana wallets are eligible for a portion of this unusually substantial airdrop, constituting 40% of JUP's total supply. This generous distribution underscores Jupiter's popularity among traders. The protocol operates by routing token buy and sell orders through various on-chain trading venues, optimizing for the best price.
Get ready for the Jupiter airdrop â it's not just an event; it's an experiment in building a thriving and inclusive crypto community.
