What you need to know about Jupiter (JUP) $581 million Airdrop

Jupiter (JUP), a DEX Aggregator platform on Solana, has announced the criteria for the second airdrop expected to take place in 01/2025.

The allocation plan for this airdrop includes 700 million JUP, equivalent to $581 million at the current market price.

2.3 million wallets eligible for Jupiter airdrop

According to Jupiter, the 700 million JUP for this airdrop will be distributed to two groups. Specifically, Jupiter will allocate 500 million JUP to Users and Stakers, and the remaining 200 million JUP to Carrots and Good Cats:

• Users: Individuals who perform transactions on the platform, such as swaps.
• Stakers: Those who participate in staking.
• Carrots: Users who continue to hold airdrop rewards, buy/increase their JUP holdings, or are compensated after being mistakenly identified as bots.
• Good Cats: Those who contribute quality to the community.

Additionally, Jupiter revealed that 2.32 million wallets out of a total of 10.65 million wallets are eligible, accounting for around 22%. Of these, 2 million wallets meet the criteria of having swap volume of around $1,000. In comparison, 320,000 wallets belong to Professional Traders using advanced features such as limit orders, perpetual swaps, DCA, and Ape Pro. Jupiter also noted that these conditions are just a draft and may change.

Earlier this year, Jupiter conducted its first airdrop, becoming one of the largest in Solana's history. The platform distributed 1 billion JUP to nearly 1 million wallets. After the airdrop, the JUP price increased by 300%, from $0.45 to an All-Time-High of $1.85. However, currently, JUP is trading around $0.85, with no significant price movement since the announcement of the second airdrop criteria.

The data shows that JUP currently has a circulating supply of 1.35 billion, with a Max Supply of 10 billion. In August, the platform proposed and received 95% approval to burn 3 billion JUP—30% of the total supply—within six months. Additionally, data from defillama shows that Jupiter's Total Value Locked exceeded $2.4 billion in December. Daily trading volume on the platform averaged $1.5 billion over the past two months, which is double the average volume of other months this year. This data reflects the increasing trading demand on Jupiter.

Join the BeInCrypto Community on Telegram to stay updated on the latest analysis and news about the financial markets in general and cryptocurrencies in particular.