Jupiter Set to Drop $630 Million Price of JUP in Solana Airdrop Declare – Decrypt

JUP, the native token of the Solana-based decentralized trade aggregator Jupiter, has fallen by 3% within the final 24 hours to a present value of $0.90 because the platform prepares to open its newest airdrop declare. 

The token has dropped 25% from its native excessive value of $1.20 because the token jumped over the weekend as decentralized trade—or DEX—buying and selling volumes exploded. Solana DEXs greater than tripled their earlier weekly marks based on DefiLlama, boosted by the launch of President Donald Trump’s Solana meme coin. 

After saying its airdrop eligibility checker final week, Jupiter signaled early Tuesday that it’s going to open claims for its newest airdrop on Wednesday, January 22 at 10:30am ET. 

Roughly 2 million eligible wallets throughout three separate buckets of customers will be capable to declare a share of 700 million complete JUP tokens, price $630 million at present costs. 

However Jupiter is urging customers to take warning, suggesting that “Solana could also be congested” and “gasoline might be costly,” and indicating that eligible wallets could have as much as three months to say their tokens—so there’s no rush.

So as to take action, customers can be required to create a Jupiter profile which requires use of an electronic mail deal with. Customers with multiple eligible pockets can be required to say each individually.

This newest Jupuary airdrop was confirmed by way of a handed DAO proposal, which achieved the assist of greater than 87% of voters who agreed to have Jupiter maintain two separate airdrops of 700 million JUP tokens apiece in 2025 and 2026. 

Jupiter held its first airdrop of JUP in January 2024, granting 1 billion tokens to wallets that had interacted with its merchandise. JUP hit an all-time excessive of $2.00 every week after launch, however has since retraced 55% to its present value of $0.90.

Edited by Andrew Hayward