Solana DeFi aggregation platform Jupiter ($JUP) airdrop opened for applications last night at 11 pm, and with major exchanges listing JUP spot trading pairs, it has generated a strong market response. Within 24 hours, JUP’s trading volume exceeded $500 million, and its price reached a high of $2 in a short period of time, with a surge of over 9900%.
(Previous summary:
Jupiter’s major airdrop opens for applications tonight at 11 pm! Binance and OKX synchronously listed, JUP over-the-counter price surges to $0.67
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(Background supplement:
Solana’s largest airdrop in history: In-depth analysis of Jupiter’s product and token valuation
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Solana DeFi aggregation platform Jupiter ($JUP) airdrop opened for applications last night at 11 pm, and major exchanges quickly listed JUP spot trading pairs. According to CoinGecko data, the top five exchanges by trading volume (from largest to smallest) are Binance, OKX, Bybit, Orca, Gate.io, with a total trading volume of over $500 million in the past 24 hours.
Among them, Bybit exchange, which started trading at 11 pm, experienced the most significant volatility. Within the first 15 minutes, the price of JUP surged by 9900% from $0.02 to $2, and then continued to fluctuate between $0.6 and $0.8. Currently, the token’s volatility is very high, and users are reminded to be cautious about investment risks.
Source: Bybit
Over 58% of JUP airdrop has been claimed
According to a previous statement by the founder of Jupiter, a total of 1.35 billion JUP tokens were released for the airdrop, with 1 billion JUP allocated for airdrop applications, 250 million JUP for the launch pool, and 50 million JUP each for “loans provided to centralized exchange market makers” and “any immediate on-chain liquidity supply”. According to the team, there are approximately 955,000 eligible wallets, including early users who conducted at least $1,000 in transactions with the protocol before the snapshot on November 2nd last year. According to Dune data, a total of 411,442 addresses have claimed a total of 586 million JUP in airdrops, accounting for 43.1% of the claimed addresses and 58.6% of the total airdrop.
Eligible wallets can claim a minimum of 200 JUP, and users with wallets starting with AQjwv have claimed up to 204,450 JUP, making them the users with the highest amount claimed in the airdrop. There are also many users who have claimed over 100,000 JUP, and one user, self-proclaimed Solana legend X, has stated that they can claim 131,350 JUP.
Users who did not receive the airdrop should not be too disappointed, as the team has stated that a total of 4 billion JUP will be distributed to users in four stages, with the first round of airdrop being the 1 billion tokens. Users can look forward to three more rounds of airdrops in the future.
Source: jhackworth Dune
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