Jupiter Set To Launch its JUP Token: Over 900k Wallets Eligible for Airdrop
Jupiter launches JUP token with 1.35 billion supply, valued at $700M. Airdrop set for Wednesday, targeting 955,000 wallets.
Jupiter, a Solana-based crypto platform, is releasing its new token, JUP, on Wednesday at 10 a.m. EST through an airdrop. The initial total supply is 1.35 billion tokens, less than the earlier plan of 1.7 billion.
The token's starting market value could be around $700 million, as it's currently priced at 65 cents per JUP on the Aevo exchange.
Out of 1.35 billion JUP tokens, 1 billion are for airdrops, 100 million for loans and liquidity needs, and 250 million for a launch pool. It is no news that airdrops help increase a token's use and Jupiter understands this. JUP token will be distributed to Around 955,000 wallets that used Jupiter before Nov. 2.
