Jupiter Targets JUP Airdrop for End of January
The Solana-based trading aggregator will test the longevity of the Solana frenzy.
![Planet Jupiter and its great red spot](https://www.coindesk.com/resizer/GdBpnGA7q03BhQe5Rx2pc1oGBXY=/567x319/filters:quality(80):format(jpg)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/6BOPYPE34FCU5I3WDHEVRDNYTE.jpg)
Decentralized trading aggregator Jupiter plans to airdrop its JUP token toward the end of January, the Solana-based protocol's pseudonymous founder said Tuesday.
Since early December. meme coins, the Jito airdrop and SOL's own booming price have contributed to a surge in decentralized finance (DeFi) activity on the Solana blockchain. The airdrop may test the longevity of the altcoin frenzy.
In a post on X, the founder, Meow, said the protocol was "not optimizing for hype or price of perfect price discovery." Rather, the airdrop would be an experiment in conducting a major token distribution – a "high stress event" – while "ensuring no cats left behind."
Nearly 1 million Solana wallets have qualified for a slice of the unusually large airdrop: 40% of JUP's total supply, a size that reflects Jupiter's popularity with traders. The program routes token buy and sell orders through a litany of other on-chain trading venues to find the best price.
The distribution will be a stress test for JUP trading infrastructure as well as the Solana network itself, Meow said.