Jupiter Set to Drop $630 Million Worth of JUP in Solana Airdrop Claim

JUP, the native token of the Solana-based decentralized exchange aggregator Jupiter, has fallen by 3% in the last 24 hours to a current price of $0.90 as the platform prepares to open its latest airdrop claim. 

The token has dropped 25% from its local high price of $1.20 as the token jumped over the weekend as decentralized exchange—or DEX—trading volumes exploded. Solana DEXs more than tripled their previous weekly marks according to DefiLlama, boosted by the launch of President Donald Trump’s Solana meme coin. 

After announcing its airdrop eligibility checker last week, Jupiter signaled early Tuesday that it will open claims for its latest airdrop on Wednesday, January 22 at 10:30am ET. 

Approximately 2 million eligible wallets across three separate buckets of users will be able to claim a share of 700 million total JUP tokens, worth $630 million at current prices. 

But Jupiter is urging users to take caution, suggesting that “Solana may be congested” and “gas can be expensive,” and indicating that eligible wallets will have up to three months to claim their tokens—so there’s no rush.

In order to do so, users will be required to create a Jupiter profile which requires use of an email address. Users with more than one eligible wallet will be required to claim each one individually.

Solana DeFi Exchange Jupiter Gets OK for Airdrops After First $1.7 Billion Vote Failed

Solana decentralized exchange (DEX) aggregator Jupiter is set to airdrop JUP tokens to its community over the next two Januaries after the Jupiter DAO—the collective of JUP token holders—approved a revised airdrop proposal following a failed first try to hand out $1.7 billion worth of tokens. More than 87% of votes were in favor of the second proposal, which made a few key changes from the first that only received 58% votes in support late last month, below the required 70% to pass the proposal...

This latest Jupuary airdrop was confirmed via a passed DAO proposal, which achieved the support of more than 87% of voters who agreed to have Jupiter hold two separate airdrops of 700 million JUP tokens apiece in 2025 and 2026. 

Jupiter held its first airdrop of JUP in January 2024, granting 1 billion tokens to wallets that had interacted with its products. JUP hit an all-time high of $2.00 a week after launch, but has since retraced 55% to its current price of $0.90.

Edited by Andrew Hayward