With the second Jupuary airdrop proposal by Jupiter DEX aggregator gaining momentum, it seems likely to pass as voting quickly hit its required minimum, with more supporters in favor of the new proposal. The proposal, which is still open for voting until December 8, aims to address concerns about the role of long-term holders and stakers. Early signs indicate that this version may pass, as voting in favor is currently above 88%, based on JUP deposited for a ‘yes’ vote.
The Jupuary events by Jupiter DEX aggregator are set to extend the airdrop trend, with the new proposal aiming to balance the interest of early holders and stakers while onboarding new users. To prevent aggressive farming and Sybill attacks, Jupiter will implement anti-bot protection. The proposal splits the new JUP airdrop with shares for both new community participants and stakers, targeting real users to avoid deliberate farming.
Lead developer @weremeow emphasized that the airdrop will target real users, tracking holding, participation, and consistency to prevent farmers from quickly selling their JUP and depressing the market price. The new JUP airdrop will allocate a portion specifically for stakers, incentivizing buying, holding, and voting with JUP throughout the year. Unclaimed JUP from this portion will go towards Active Staking Rewards, with stakers receiving a special allocation and bonus for longer history and consistency.
The entire proposal is set to be finalized before January 25, coinciding with the Jupiter DEX aggregator’s meeting in Istanbul. Jupiter’s goal is to become an everything app with Web3 and trading features, setting additional milestones for its tech stack and the JUP token. The two Jupuaries aim to speed up the process for Jupiter DEX as part of the Checkpoint 2027 roadmap, with new token utilities set to be announced after the Istanbul event, Catstanbul.
Jupiter’s JUP token has experienced a rally in the weeks leading up to the Jupuary votes, moving from its usual range around $1 up to $1.30. The token may revisit levels close to its all-time high of $1.85, with expectations of a breakout into a new price discovery range. As one of the few projects with a significant team allocation, Jupiter continues to build a community of holders while supporting Solana activities as a tool to find the best DEX trading routes.
The JUP token has historically been impacted positively by Jupuary events, increasing the project’s popularity and user base. The previous airdrop saw JUP in over 600,000 addresses, with significant participation and claims. Efforts to encourage long-term holding balance remain a concern, though the next two Jupuaries may lead to better retention. The Jupiter DEX aggregator has seen a rise in liquidity near an all-time high of $2.4B, facilitating peak numbers of swaps in recent months.
