Jupiter's JUP Token Launches on Solana with Massive Airdrop and Large Circulating Supply

By: Eva Baxter

The latest crypto sensation, Jupiter, is making waves with its JUP token airdrop on the Solana network. The landmark event, which boasts the largest token launch of 2024, will see JUP tokens distributed to nearly one million Solana wallets. Solana, known for its high-speed and low-cost transactions, provides the perfect platform for this significant airdrop.

Simultaneously, the JUP token made its debut on the exchange Aevo, where the JUP-USD perpetual traded at 65 cents at its inception. This trading activity suggests an impressive market capitalization of $700 million for Jupiter right out the gates.

This combination of expansive airdrop and substantial circulating supply positions Jupiter and its JUP token as the newest heavy-hitter in the crypto scene.