Jupiter Set to Drop $630 Million Worth of JUP in Solana Airdrop Claim

JUP, the native token of the Solana-based decentralized exchange aggregator Jupiter, is down 3% over the past 24 hours to a current price of $0.90 as the platform prepares to open its latest airdrop claim.

The token is down 25% from its local high price of $1.20, while the token jumped this weekend as decentralized exchange or DEX trading volumes exploded. Solana DEXs more than tripled their previous weekly figures according to DefiLlama, boosted by the launch of President Donald Trump’s Solana meme coin.

After announcing his eligibility check for airdrops last week, Jupiter indicated early Tuesday that it will open claims for its final airdrop on Wednesday, January 22 at 10:30 a.m. ET.

Approximately 2 million eligible wallets across three separate groups of users will be able to claim a share of the total 700 million JUP tokens, worth $630 million at current prices.

But Jupiter urges users to be careful and suggests so “Solana can be overloaded” and “gas can be expensive,” indicating that eligible wallets have up to three months to claim their tokens – so there’s no rush.

To do this, users must create a Jupiter profile which requires an email address. Users with more than one eligible wallet must claim each wallet separately.

This latest Jupuary airdrop was confirmed via a pass DAO proposal, which received the support of over 87% of voters who agreed that Jupiter would hold two separate airdrops of 700 million JUP tokens each in 2025 and 2026.

Jupiter held firm first air raid of JUP in January 2024, awarding 1 billion tokens to wallets that had interacted with its products. JUP hit an all-time high of $2.00 per week after launch, but has since returned 55% to its current price of $0.90.

Edited by Andrew Hayward