Jupiter Airdrop: JUP Tokens Will Be Distributed January 2025

Bittime -  Jupiter, a Solana-based DEX aggregator platform, announced it will launch a second airdrop in January 2025 that will give away 700 million JUP tokens worth approximately $581 million. This is interesting news for users, stakers and contributors on the platform.

Jupiter Airdrop Criteria January 2025

This second airdrop will distribute 700 million JUP tokens, valued at approximately $581 million based on current market prices. This airdrop distribution plan includes two main groups: users and stakers, as well as contributors called “Carrots” and “Good Cats”.

A total of 500 million JUP will be allocated to users and stakers, while another 200 million JUP will be distributed to the Carrots and Good Cats categories. Here are more details about each category:

• User: Individuals who carry out transactions on the platform, such as making swaps.
• Stakes: Those who participate in staking.
• Carrots: Users who continue to hold their airdrop rewards, purchase or increase JUP holdings, or who are compensated after being accidentally detected as bots.
• Good Cats: Contributors who make quality contributions to the community.

How Many Wallets Eligible?

Jupiter revealed that around 2.32 million wallets out of a total of 10.65 million existing wallets were eligible for this airdrop, which means around 22% of the total registered wallets. Of these, 2 million wallets are eligible with swap volumes of around $1,000, while another 320,000 wallets belong to expert traders who use advanced features such as limit orders, perpetual swaps, DCA, and Ape Pro.

Even though it has been announced, Jupiter also stated that these criteria are still in draft form and could undergo changes before the airdrop takes place.

Read also: Jupiter (JUP) $860 Million Airdrop: Distribution and Impact on Tokens

History and Development of the JUP Token

Jupiter's first airdrop, which took place this year, was recorded as one of the largest in Solana history. In this first airdrop, Jupiter distributed 1 billion JUP to almost 1 million wallets. After the airdrop, the price of JUP soared by 300%, rising from $0.45 to a high of $1.85.

However, despite the price spike at the time, JUP price is currently trading at around $0.85, with little change in price since the announcement of the second airdrop criteria.

Read also: When is the Jupiter Listing Airdrop: Listen to the explanation!

Jupiter Growth and Latest Statistics

Until December 2024, Jupiter has shown rapid development. The platform is recorded as having a total value locked (TVL) of more than $2.4 billion, with daily trading volume reaching $1.5 billion in the last two months. This shows an increase in demand for trading on Jupiter, with daily volumes more than twice as high as in previous months.

Additionally, in August, Jupiter submitted a proposal to burn 3 billion JUP or about 30% of the total existing supply, which was later approved by 95% of voting holders. This is done to reduce the amount of token supply in circulation and increase the scarcity of JUP.

With a maximum total supply of 10 billion JUP, currently around 1.35 billion JUP tokens are circulating on the market. Steps such as token burns and airdrops are expected to have a positive impact on the value and adoption of JUP in the future.

Conclusion

The upcoming Jupiter airdrop in January 2025 is a great opportunity for users, stakers and contributors to get a share of the 700 million JUP tokens being put up. With fairly clear criteria, this airdrop is expected to expand Jupiter's user base and increase engagement on the platform. 

Although the price is currently still stable, the rapid developments in the market and the growth of the platform could be an indication that JUP has the potential to continue growing, especially after this second airdrop. If you are interested in participating, make sure to fulfill the specified requirements and follow updates from Jupiter.

FAQ Airdrop Jupiter

How do I make sure I qualify?

Make sure your wallet is active, uses a mobile wallet, and meets other requirements such as subscribing to newsletters.

What to do if the token is not received?

Check if the wallet is compatible and check transaction history. If the problem persists, contact project support with transaction details.

Can I get more tokens?

Yes, by actively participating, using the referral program, or completing additional tasks from the project.

How to Buy Crypto on Bittime

Want to trade sell buy Bitcoins and crypto investment easily? Bittime is here to help! As an Indonesian crypto exchange officially registered with Bappebti, Bittime ensures every transaction is safe and fast.

Start with registration and identity verification, then make a minimum deposit of IDR 10,000. After that, you can immediately buy your favorite digital assets!

Check the exchange rate BTC to IDR, ETH to IDR, SOL to IDR and other crypto assets to find out today's crypto market trends in real-time on Bittime.

Also, visit the Bittime Blog for interesting updates and educational information about the crypto world. Find reliable articles about Web3, blockchain technology, and digital asset investment tips designed to enrich your crypto knowledge.

Reference

Beincrypto, Jupiter Announces $580 Million Airdrop Criteria: Everything You Need to Know, accessed December 31, 2024.

Author: MF