Solana DeFi aggregator platform Jupiter is set to conduct an airdrop tonight at 11 pm, attracting widespread attention in the cryptocurrency market. Currently, cryptocurrency exchanges Binance and OKEx have announced their support for the spot trading of Jupiter (JUP), and the current over-the-counter price of JUP is reported to be $0.67.
(Brief summary:
Largest airdrop in Solana history: In-depth analysis of Jupiter product and token valuation
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(Background:
Solana’s largest airdrop is here! Aggregator Jupiter to launch its token at the end of January, with OTC price of JUP at $0.76
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Table of Contents:
Binance and OKEx to open JUP spot trading
OTC price reported at $0.67
Jupiter: A one-stop DeFi service platform on Solana
After the airdrops of projects such as Pyth Network and Jito in the Solana ecosystem, the most anticipated airdrop in the market is the one from DeFi aggregator platform Jupiter. The founder, meow, announced last night on platform X that users can now verify their eligibility and quantity for the airdrop, and can claim it on the project platform after 11 pm tonight (Taiwan time).
At around 3 pm, Binance announced that it will list Jupiter (JUP) at 11:30 pm tonight and add a seed tag to it, indicating that the project may experience higher volatility. Spot trading pairs of JUP/USDT, JUP/FDUSD, and JUP/TRY will be available. Users can now make deposits of JUP, but withdrawals will only be enabled tomorrow night at 11:30 pm.
In addition, Binance’s isolated margin trading will add JUP asset options within 48 hours after the start of trading tonight, and isolated margin trading pairs of JUP/USDT will be available.
Apart from Binance, OKEx exchange announced two days ago about the upcoming listing of Jupiter (JUP) and will open spot trading pairs of JUP/USDT once user deposits are sufficient.
Source:
Binance Official Website
According to the data of JUP futures on the options trading platform Aevo, which went live earlier, the current price of JUP is reported to be $0.6531, with a 2.08% increase in the past 24 hours and a trading volume of approximately $1.471 million in the past 24 hours. The current open interest is $2.68 million.
Although the news of JUP being listed on Binance did not stimulate an increase in its OTC price, it is worth noting that JUP experienced a significant rebound on the 26th, coinciding with the time of the airdrop of meme coin $WEN on the Jupiter LFG Launchpad platform. This indicates that the successful airdrop of $WEN on the platform also boosted market expectations for the price of Jupiter’s native token.
Further reading:
Solana’s new airdrop “One person can receive 80 Sol”! Jupiter’s new meme coin $WEN surges hundredfold, listed on Matcha today
Source: Aevo
Jupiter is a one-stop DeFi aggregator platform on Solana that supports users to exchange tokens with low slippage and low transaction fees. Jupiter aims to provide multiple functional products on one platform, including trading, limit orders, dollar-cost averaging (DCA), cross-chain trading, perpetual contracts, and the recently launched LFG Launchpad for new token issuance.
The platform’s liquidity token, JLP, currently enjoys an APY of up to 174.94%.
Furthermore, Jupiter aims to build tools for developers to easily connect DApps, user interfaces, or web browsers to the platform. Currently, notable projects connected to Jupiter on Solana include Orca, Raydium, Serum, Unibot on Solana, among others.
Further reading:
Largest airdrop in Solana history: In-depth analysis of Jupiter product and token valuation
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