- Jupiter is airdropping 700M JUP tokens ($616M) to 2M eligible Solana wallets during its “Jupuary” event.
- The tokens are allocated based on user activity, with bonuses for stakers and governance voters.
- Jupiter plans annual token airdrops every January through 2027, with JUP trading at $0.88.
Big news for the Solana ecosystem today—Jupiter, the decentralized exchange aggregator, is set to kick off its much-anticipated “Jupuary” airdrop. The event, happening later today, will see a whopping 700 million JUP tokens (valued at around $616 million) being distributed to roughly 2 million eligible wallets across Solana.
If you’ve been following along, you’ll know Jupiter released a handy eligibility checker last week so users could confirm whether they qualify for this massive token giveaway.
Who’s Getting What?
The token distribution isn’t a free-for-all—it’s carefully structured around user activity and community contributions. Specifically, two main groups are targeted:
- Users and stakers
- Key community contributors (a.k.a. “Carrots and Good Cats”—yes, that’s what they’re calling them).
For the users, 425 million JUP tokens are earmarked for those who’ve actively engaged in token swaps on the platform. The more volume you’ve traded, the bigger slice of the pie you’re getting.
As for stakers, there’s a 75 million JUP allocation waiting for them. Oh, and if you’ve been consistently participating in governance votes? Bonus tokens for you—nice touch, right?
Airdrop Tradition
This isn’t Jupiter’s first rodeo. They wrapped up their inaugural airdrop last year, handing out nearly 1 billion JUP tokens. Apparently, it’s become a yearly thing—they’ve committed to holding these token distributions every January through 2027.
So, if you missed out this time, there’s always next year.
The Bigger Picture
At the moment, Jupiter boasts a circulating supply of 1.68 billion JUP tokens out of a total cap of 10 billion. With a current market cap of $1.48 billion, JUP is trading at $0.88 per token—a solid 33% increase since its rollout in early 2024.
Not familiar with Jupiter? The platform, launched back in October 2021 by the pseudonymous founder “Meow,” acts as a bridge between Solana’s decentralized exchanges. It aggregates liquidity, making trading smoother and more efficient, and also offers a perpetuals trading product for those wanting more than just spot swaps.
