Jupiter, a DEX aggregator platform on the Solana network, has revealed details of its highly anticipated second token airdrop, scheduled for January 2025. The distribution will include 700 million JUP, currently valued at $581 million based on market prices.
The distribution of JUP tokens will occur in two main groups:
Users and Stakers: 500 million JUP will be allocated to individuals who carry out transactions on the platform, such as swaps, or participate in staking.
Carrots and Good Cats: 200 million JUP will be allocated to:
Carrots: Participants who keep their airdrop rewards, increase their JUP positions, or are compensated for misclassification as bots.
Good Cats: Contributors who provide meaningful support to the community.
With these criteria, Jupiter seeks to recognize the engagement and active contribution of its users.
Jupiter: Portfolio eligibility
Among the 10.65 million wallets linked to the platform, 2.32 million meet the preliminary criteria for the airdrop, representing 22% of the total. Of these:
2 million belong to users who perform swaps with a volume close to US$ 1 thousand.
320,000 portfolios are from Expert Traders, who use advanced features such as limit orders and perpetual swaps.
Despite the criteria released, Jupiter indicated that they are still subject to adjustments.
Jupiter’s first airdrop, held in early 2024, distributed 1 billion JUP to nearly 1 million wallets, making it one of the largest events of its kind in Solana’s history. Following the airdrop, the token’s price spiked 300%, reaching a record high of $1.85. JUP is currently trading at around $0.85, with the price remaining stable since the announcement of the second airdrop.
In addition to airdrops, Jupiter has stood out for initiatives such as the burning of 3 billion JUP, which represents 30% of the total supply, over six months. This move, approved by 95% of the community, seeks to increase the token's value.
The platform also recorded $2.4 billion in total value locked (TVL) and an average daily volume of $1.5 billion in perpetual swaps over the past two months, reflecting a growing demand for trading on the network.