Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • SUBMIT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • SUBMIT
Crypto Flexs
Home»ALTCOIN NEWS»The highly anticipated Jupiter (JUP) airdrop launches on Solana with a market cap of $1,000,000,000.
ALTCOIN NEWS

The highly anticipated Jupiter (JUP) airdrop launches on Solana with a market cap of $1,000,000,000.

By Crypto FlexsJanuary 31, 20243 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
The highly anticipated Jupiter (JUP) airdrop launches on Solana with a market cap of ,000,000,000.
Share
Facebook Twitter LinkedIn Pinterest Email

Jupiter, a Solana-based decentralized exchange (DEX) aggregator, has launched a new JUP token with a market capitalization of just under $1 billion.

Jupiter is one of Solana’s main decentralized finance (DeFI) hubs and, at the time of this writing, is handling more trading volume around the clock than Uniswap, Ethereum’s largest DEX and the entire cryptocurrency ecosystem in general.

Jupiter’s pseudonymous founder, known as Meow, said in a blog post that JUP will launch with a maximum circulating supply of 1.35 billion and team vesting will not begin until the second “Jupuary” (January).

JUP’s token economics are as follows.

  • 1B for airdrop
  • 250M for launch pool (instead of 500M)
  • $50 million for lending to CEX Market Makers
  • 50M for immediate requirements

Meow says it has a buffer of 33 million JUP tokens that are not included in the airdrop. “Damage to wallets, huge number of appeals and edge cases that cannot be reached in time before Jupuary.”

As of this writing, JUP is trading at $0.678 with a market capitalization of $924 million.

Meow said the team is considering a plan to distribute more tokens to Jupiter users every January 31st.

“We expect Jupiter to be around for decades and believe consistent token distribution is an incredibly powerful way to bring the community together. But it can also be distracting to the team and potentially detrimental to the community. I like it and it’s not because of the points.

Therefore, to respect both of these dynamics, we propose to distribute a significant portion of tokens to users every year on July 31st. It will run for three months, with a focus on community engagement, ending on November 2nd. “After executing our key initiatives, we spent the remaining nine months solely focusing on product and platform growth.”

Don’t miss a beat – subscribe to get email alerts delivered straight to your inbox

Check Price Action

follow us TwitterFacebook, Telegram

Daily Hodl Mix Surfing

Check out the latest news headlines

&nbsp

Disclaimer: Opinions expressed on The Daily Hodl do not constitute investment advice. Investors should do their due diligence before making high-risk investments in Bitcoin, cryptocurrencies, or digital assets. Please note that your transfers and transactions are entirely at your own risk and that you are responsible for any losses that may occur. The Daily Hodl does not recommend the purchase or sale of any cryptocurrency or digital asset, and The Daily Hodl is not investment advice. The Daily Hodl engages in affiliate marketing.


Featured Image: Pixabay/Prettysleepy

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

ETF Land Rush: Solana’s filing speed outpaces XRP and matches BTC.

October 23, 2025

Crypto Market Rebound, L2 Surge and ZEC Shock: Daily Insights

October 16, 2025

The throat is falling, but the jupnet and ajup spark recovery reduce the potential

October 2, 2025
Add A Comment

Comments are closed.

Recent Posts

Cryptocurrency company Xeltox has been fined C$177M by Canada’s AML regulator.

October 23, 2025

The People’s Robotics Platform Launches To Dominate $218b Industry

October 23, 2025

A Gateway To Early-Stage Crypto Projects And Trading Rewards

October 23, 2025

MEXC Q3 2025 Report Highlights Market Leadership Across New Listings, Security, And Ecosystem Growth

October 23, 2025

Fed Joins Payments Revolution, Brings Cryptocurrency to the Periphery

October 23, 2025

ETF Land Rush: Solana’s filing speed outpaces XRP and matches BTC.

October 23, 2025

XRP And BlackchainMining Are Giving Away A Massive $77.77 Million Bonus!

October 22, 2025

Phemex Upgrades Rewards Hub With $15,000 Package And Mystery Box System

October 22, 2025

Alps Blockchain Announces Corporate Rebranding To Alps

October 22, 2025

Why Most Crypto Cities Fail: The Surprising Reason Revealed

October 22, 2025

A retail rail can push $2 million a day out of the chain.

October 22, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Cryptocurrency company Xeltox has been fined C$177M by Canada’s AML regulator.

October 23, 2025

The People’s Robotics Platform Launches To Dominate $218b Industry

October 23, 2025

A Gateway To Early-Stage Crypto Projects And Trading Rewards

October 23, 2025
Most Popular

Can $60K BTC price support hold? 5 things you need to know about Bitcoin this week

June 24, 2024

Bybit Vs. Binance Comparison 2024

October 16, 2024

Solana’s ‘Chapter 2’ cryptocurrency phone pre-orders reach 60,000 units

February 5, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.