Jupiter, Solana’s largest decentralized exchange (DEX) aggregator, is gearing up for a major airdrop event named “Jupuary” in January. The initiative will distribute 700 million JUP tokens, valued at $580 million, to users, stakers, and contributors. A snapshot for eligibility has already been taken, with specific criteria still under community discussion.
The distribution plan divides recipients into two main categories: “users and stakers” and community supporters, referred to as “Carrots and Good Cats.” The goal is to incentivize engagement and expand the JUP community, according to the Jupiter DAO.
A draft eligibility framework ties rewards to trading volume across Jupiter’s products over the past year. For example, users with a minimum annual volume of $800 could receive 50 tokens, while those with $29,000 may earn 250 tokens. Approximately 2.3 million wallets are eligible.
This follows last year’s airdrop of nearly 1 billion JUP tokens, distributed to users who had conducted at least $1,000 in swaps before a November 2023 snapshot.
Jupiter’s circulating supply currently stands at 1.35 billion tokens, with plans to reduce the maximum supply from 10 billion to 7 billion through a token burn of 3 billion — a community-approved move in August 2024.
Launched in October 2021, Jupiter aggregates liquidity across Solana’s DEX ecosystem and has expanded into perpetual trading products. Over the past 24 hours, it recorded a trading volume exceeding $2.3 billion.
