JUP Token Launch: Solana DEX Jupiter Reveals 1.35B Circulating Supply

• Jupiter, a Decentralized Trading Aggregator on Solana, is Set to Launch its Native Token
• Anticipated Market Capitalization of the JUP Token
• Distribution of the JUP Tokens
• Eligibility for the JUP Airdrop

Jupiter, a Decentralized Trading Aggregator on Solana, is Set to Launch its Native Token

As a decentralized trading aggregator built on Solana$104 5.03%, Jupiter information" data-id="5052">Jupiter$0.0058 -4.87% is preparing for the launch of its native token, JUP, via an airdrop. The event is set for Wednesday at 10 a.m. EST. The initial maximum circulating supply for the token will be 1.35 billion, according to a forum post by Jupiter's pseudonymous founder, Moew. This represents a reduction from the initially planned 1.7 billion coins.

Anticipated Market Capitalization of the JUP Token

Considering the JUP-U.S. dollar perpetuals traded at 65 cents on Aevo at the time of this report, the token could potentially debut with a market capitalization around $700 million.

Distribution of the JUP Tokens

Of the initial circulating supply of 1.35 billion JUP tokens, 1 billion are designated for airdrops. 50 million tokens each will be allocated for loans to market makers on centralized exchanges and for liquidity pool requirements. The remaining 250 million tokens will go to a launch pool. Airdrops are a common strategy employed by crypto projects, where free new or existing tokens are widely distributed to their communities to stimulate adoption.

Eligibility for the JUP Airdrop

Approximately 955,000 wallets that interacted with Jupiter prior to Nov. 2 are eligible for the JUP airdrop, as per data provided by Airdrop Official.

Edited by Jonathan Stoker