Jupiter Announces More JUP Token Airdrops for Users
Solana-based decentralized exchange Jupiter has revealed that users will have another chance to receive JUP tokens in airdrops every January. However, new users will not be eligible for these upcoming airdrops.
Jupiter plans to distribute a total of 10 billion JUP tokens, with 40% allocated for community growth. These tokens will be distributed in four rounds of airdrops.
Jupiter Co-Founder Clarifies Airdrop Details
Jupiter decentralized crypto exchange has been surpassing Uniswap V3 in daily trading volume, thanks to the recent frenzy surrounding WEN meme coin and JUP airdrops. According to CoinGecko data, Jupiter recorded over $517 million in trading volume, compared to Uniswap V3’s $492 million.
Jupiter co-founder Meow recently stated that participants in the previous airdrop will not be included in the next round. He also mentioned that the airdrop process will begin in November and end in January for future airdrops.
Meow emphasized that executing airdrops requires significant effort to ensure fairness and inclusivity.
The exchange is committed to improving its platform and expanding its core capabilities while allowing participants two more days to claim their JUP tokens.
JUP and WEN Prices Experience Surge
The price of the ERC-20 Jupiter Project token has seen a boost during the JUP airdrop on Jupiter exchange. The governance token JUP is not yet listed. In the past 24 hours, the price of Jupiter Project (JUP) has surged by 25% and is currently trading at $0.00622. The 24-hour low and high are $0.00483 and $0.00642, respectively.
Additionally, the price of WEN has increased by 36% in the last 24 hours, trading at $0.000167. The trading volume for WEN has also risen by 85% during this period.
Several crypto exchanges, including Bybit, HTX, MEXC, and KuCoin, have announced plans to list JUP due to high demand from the crypto community.
Hot Take: Jupiter Continues to Make Waves in the Crypto Market
Jupiter’s airdrops and increasing trading volume on its decentralized exchange have propelled it to new heights in the crypto market. With the announcement of more JUP token airdrops and the surge in prices for both JUP and WEN, Jupiter is attracting significant attention from traders and investors.
The commitment of Jupiter’s co-founders to fairness and inclusivity in their airdrop process demonstrates their dedication to building a strong community. As more exchanges list JUP, we can expect further growth and development for Jupiter in the near future.
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