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Solana DEX Jupiter Unveils More JUP Token Airdrops, JUP Price Jumps 25% – Crypto News

Published

1 year ago

January 29, 2024

Dripp

Solana-based decentralized exchange Jupiter on Monday said users will get another opportunity to get JUP tokens in airdrops every January. However, users who have recently joined will not be able to participate in the upcoming airdrops.

As per Jupiter, the total amount of JUP is 10 billion, 40% of which will be used for community growth. The project expects to distribute these in 4 rounds of airdrops.

Jupiter Co-Founder Clears the Air on JUP Airdrops

Jupiter decentralized crypto exchange flipped Uniswap V3 in 24-hour trading volume for consecutive days amid WEN meme coin and JUP airdrops frenzy. CoinGecko data indicates trading volume surpassed $517 million on Jupiter in comparison to $492 on Uniswap V3 (Ethereum).

Jupiter co-founder Meow took to X on January 29 to reveal that recent airdrop participants will not be included in the coming round of airdrops. Moreover, airdrop process will start every November and run until January end for the upcoming airdrops.

“Executing on airdrops is extremely taxing for us given the extreme amount of effort we put into it to make it as fair, fun and inclusive as possible, he said.

The exchange plans to continue improving the platform, pushing the meta, and growing the catdets core in the meantime. Only 2 days are left for participants to claim JUP.

Also Read: Analyst Who Predicted $38K Drop Says Bitcoin $50,000 Coming Soon

JUP and WEN Prices Rally

Jupiter (JUP) price jumped 25% in the past 24 hours, with the price currently trading at $0.00622. The 24-hour low and high are $0.00483 and $0.00642, respectively. Furthermore, the trading volume has increased by 35% in the last 24 hours, indicating a rise in interest among traders.

Meanwhile, WEN price trades at $0.000167, up 36% in the last 24 hours. The trading volume jumped 85% in the last 24 hours.

Crypto exchanges including Bybit, HTX, MEXC, KuCoin, and others have announced JUP listing amid massive demand from the crypto community.

Also Read: Spot XRP ETF — Futures ETF Is Not Required For Approval Says Bloomberg Analysts