CandleFocus Jupiter to award 200M JUP as variable rewards and incentives during Jupuary airdrop
2024-12-26
Author: Content Editor
Jupiter DEX aggregator has announced the structure for its Jupuary airdrop, where 700M JUP tokens will be distributed to both old and new ecosystem participants. The distribution schedule includes fixed allocations for wallet holders and incentives for new users. The event aims to appreciate all participants in the Jupiter ecosystem. The airdrop will favor older users and stakers, with rewards spread across multiple tiers based on trading activity and JUP holdings. Stakers and users who engage in governance will also receive rewards. The airdrop plan is subject to change based on community discussions. The JUP token has experienced a decline in price, currently trading at $0.82, and trading volumes have slowed down. Despite this, Jupiter's activity has increased, making it the second most widely used app on Solana. There are concerns that the Jupuary event may flood the market with more tokens and lead to a further decrease in market price.
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