Jupiter confirmed a 200 million JUP Airdrop on January 30th, causing the market to focus heavily on the distribution mechanism for paying users and stakers, rather than just looking at price fluctuations.
This development coincided with a rapid increase in market participation, as both spot and Derivative trading heated up. At the same time, Coinbase's completion of Solana integration further boosted short-term speculative demand around JUP.
- Jupiter will distribute 200 million JUP on January 30th, with 175 million going to active paying users and 25 million to stakers.
- JUP is approaching the $0.233 resistance level; a strong candle close above is needed to solidify the bullish scenario.
- The leverage clusters around $0.201 and $0.234 could cause significant volatility when the price hits liquidation zones.
The 200 million JUP Airdrop is the focus of the market.
Jupiter has confirmed it will distribute 200 million JUP on January 30th, with the majority going to active paying users and the remainder to stakers.
Jupiter announced a Token distribution plan totaling 200 million JUP. Of these, 175 million Token are targeted at active, paying users, while 25 million Token are allocated to stakers. This information has drawn attention to "who gets what" and the eligibility criteria, rather than simply measuring daily price performance.
The Airdrop announcement also coincided with a period of strong market participation, as money flowed back into both spot and Derivative. In large distribution events, volatility often increases as investors both anticipate a " liquidation boost" and assess the risk of selling after receiving the Token.
Coinbase integrates Solana, expanding accessibility of Solana -based Token via Jupiter.
Coinbase has completed the integration of Solana , enabling direct trading of Solana Token on Coinbase via Jupiter's aggregation layer.
Coinbase announced that it has completed the integration of Solana (SOL ) during the same period that the market was paying attention to JUP. As a result, users can now trade Solana based Token directly on Coinbase through Jupiter's liquidation aggregation layer.
Notably, this integration could expand Jupiter's "user base" beyond the pure Solana user group. In terms of market behavior, easier accessibility is often accompanied by increased speculation, especially when Airdrop narratives and technical breakout expectations are simultaneously present.
JUP prices and spot volume surged ahead of the event.
JUP increased by approximately 15% in 24 hours, while Spot Volume surged 210% to $63.64 million, reflecting high levels of trader participation.
At the time of recording, JUP was trading around $0.2217, up approximately 15% in 24 hours. Spot Volume increased 210% to $63.64 million, indicating a sharp increase in trader interest and more intense buying and selling activity than usual.
The synchronization between spot price and volume is often a signal that the market is genuinely "participating," rather than just experiencing a price surge due to thin liquidation . However, during rapid rallies before events (Airdrop, listings, integrations), the risk of reversal is also high if expectations have already been fully reflected in the price.
JUP needs to break above $0.233 to confirm a breakout of resistance.
JUP has formed a double Dip structure near $0.20 and is testing the neckline around $0.233; a clear breakout and a strong closing candle above this level are needed.
On the daily chart, JUP formed a double Dip pattern around the $0.20 level and is moving towards the neckline near $0.233 after the recent rally. Previous approaches around $0.233 have triggered reversals, so a sustained close above that level is more important than an intraday breakout.
If the $0.233 level is broken decisively, the next target zone is $0.32, representing approximately a 35% increase from the current price. Additionally, JUP is trading above the 50-day EMA, supporting short-term trend strength, but not enough to eliminate the risk of failure at resistance.
Leverage around $0.201 and $0.234 could amplify volatility.
CoinGlass data shows leverage concentrated at $0.201 (below) and $0.234 (above), with approximately $2.22 million in Longing positions and $1.13 million in Short positions in these clusters.
Data from CoinGlass shows leverage concentrated on both sides of the range: the $0.201 level on the downside and the $0.234 level on the upside. At these levels, traders built approximately $2.22 million in leveraged Longing positions and $1.13 million in leveraged Short positions.
Such structures often create liquidation"attraction points": price touching leverage clusters can trigger a liquidation chain , causing the price range to expand rapidly in a short period. Increased Longing positions also suggest a short-term bullish sentiment, but simultaneously increase the risk of a "Longing squeeze" if the price slips below key support zones.
Performance in 2025 keeps long-term sentiment cautious.
Despite improving short-term signals, the history of sharp declines in 2025 leaves long-term investors wary of a sustainable reversal.
In 2025, JUP fell by more than 75%, from $0.943 to nearly $0.215. Such a large drop typically leaves a “supply bottleneck,” meaning that any rallies may face profit-taking pressure when prices rise.
The current recovery momentum may reflect a combination of the Airdrop narrative, increased participation, and expectations from the Solana integration on Coinbase. However, to transition from a “technical rebound” to a “trend reversal,” the market typically needs further confirmation through a breakout of key resistance, sustained volume, and a reduction in liquidation risk due to excessive leverage.
"JUP has officially escaped the cage."
– A market commentator, post X
Frequently Asked Questions
How will the JUP Airdrop on January 30th be distributed?
Jupiter will distribute 200 million JUP on January 30th, comprising 175 million Token for active paying users and 25 million Token for stakers.
What price level is currently acting as a key resistance level for JUP?
On the daily chart, the $0.233 level is XEM resistance/neckline. JUP needs a clear breakout and a sustained close above this level to solidify the bullish scenario.
Why can the levels of $0.201 and $0.234 cause such significant volatility?
CoinGlass has observed significant leverage clusters around $0.201 and $0.234. When the price touches these areas, the risk of a chain liquidation could lead to a rapid increase in volatility in the short term.
