Jupiter DEX aggregator, the leading decentralized exchange on Solana, recently announced the details of its Jupuary airdrop, which will distribute a total of 700M JUP tokens to both old and new ecosystem participants. The distribution schedule includes granting 500M JUP on a fixed basis per wallet, while the remaining 200M will be allocated to new users through a system of ‘carrot’ and ‘good cat’ incentives. This draft plan may see some changes before the actual airdrop takes place in early January.
The Jupuary event will prioritize older users and stakers, as requested by the community, with a detailed look at swap wallets and the distribution of rewards into five tiers. Around 2 million wallets are expected to be eligible for the airdrop, including 320,000 expert trader wallets that require more complex trading actions. The event will include five regular trader tiers and corresponding tiers for expert traders, with rewards based on JUP holdings and trading activity.
Despite the anticipation surrounding the Jupuary event, the price of JUP token has been on a downward trend, currently trading at $0.82. Trading volumes and open interest have also decreased, indicating a lack of market interest in the token. However, Jupiter DEX has experienced increased activity in the last quarter of 2024, driven by meme token swaps on Solana. The aggregator has added personalized tools for token activities and is the second most widely used app on Solana after Raydium.
Although the Jupuary event aims to distribute rewards to active users and stakers, there are concerns that flooding the market with more tokens may lead to a further decrease in the market price of JUP. The community discussion surrounding the event will continue, with the intention to repeat a similar airdrop in early 2026. The event will offer rewards for staking and governance, with additional incentives for those who actively stake and participate in voting.
In conclusion, the Jupuary event by Jupiter DEX aggregator promises to distribute 700M JUP tokens to a wide range of ecosystem participants, including old and new users. The distribution schedule, although still in draft form, aims to reward both trading activity and staking, with a focus on older users and community requests. Despite the recent decline in the price of JUP token, Jupiter DEX has seen increased activity, reflecting the growing interest in Solana meme token swaps. As the event approaches, the community will continue to discuss the preferred mode of distribution to ensure the success and fairness of the airdrop.
