Jupiter Announces JUPuary Airdrop, Distributing 700 Million JUP Tokens Valued at $590 Million to Active Users and Community Contributors

Over 2.3 million wallets qualify for Jupiter's JUPuary Airdrop based on merchant activity and community engagement.

Solana's største decentralized exchange (DEX) aggregator, Jupiter, has announced a mega token airdrop for January 2025. The project, dubbed “Jupuary,” will see 700 million JUP tokens—collectively valued at an estimated $590 million—airdropped to qualified participants.

BREAKING: Jupiter has released the JUPuary Airdrop Allocation Overview

BREAKING: Jupiter has released the JUPuary Airdrop Allocation Overview

700M $JUP will be airdropped next month($590M+) pic.twitter.com/4GvUrPCznK

— Cloudz (@FamousCloudzz) December 26, 2024

The airdrop aims to both reward active users and community contributors while encouraging deeper engagement with the platform's ecosystem. With over 2.3 million wallets set to qualify based on their trading activity over the past year, the airdrop is poised to be one of the largest in Solana's history, continuing a trend from previous campaigns.

Targeting traders and stakers alike, the Jupuary airdrop will prioritize two primary groups, in synergy with members of Jupiter's active community, fondly known as “Good Cats and Carrots.” This dual approach ensures that the benefits are fairly distributed among those utilizing the platform and those organically aiding the community's growth.

Emphasizing long-term activity, the qualification criteria encourages sustained interaction with Jupiter's features, particularly those pertaining to trading and staking.

Earlier, Jupiter conducted a similarly massive airdrop in January 2024, allocating 1 billion JUP tokens to nearly a million wallets. That project underlined Jupiter's centrality in the Solana ecosystem and significantly expanded its user base.

Continuing in that vein, the upcoming Jupuary airdrop positions Jupiter as a leader in community-centric tokenomics. Moreover, Jupiter's sustained focus on community engagement and devising creative reward systems speaks to the company's dedication to fostering the long-term health of the environment.

Meanwhile, Jupiter has been rolling out additional incentives for its patrons. For instance, the platform recently launched its Active Staking Rewards program, which will allocate $60 million to reward Solana users for participating in staking events.

This initiative complements Jupiter's ongoing endeavors to bolster the ecosystem and retain user loyalty. Furthermore, as reported previously, the addition of the SOL Index to Jupiter's Research Forum in July last year provided Solana investors with an enhanced diversification tool, reaffirming Jupiter's relevance in the blockchain space.

Meanwhile, JUP is trading at around $0.8068 at the time of writing, down 2.74% over the past 24 hours and up 12.98% over the past 7 days.