This is Jupiter’s JUP airdrop time

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Keeping track of all the upcoming token airdrops can be difficult, but one of particular interest to Solana users: the launch of JUP, the decentralized exchange (DEX) aggregator token Jupiter.

forward, Bitcoin Magazine Reports said the Jupiter team was targeting a January launch, and now, on Tuesday, the founder, nicknamed Meow, said that after a little extra preparation for “Jupuary,” the token airdrop is expected to take place in the last week of the month.

“Due to the huge workload, we are anticipating a release date of the 4th week of January,” Meow wrote on Twitter. “Let’s fix this.”

Jupuary Launch: Let’s launch JUP together!

The previous article is very long, not long. If you can trade, you can read*

October will be a month of learning. We’ll learn how to launch JUP together as a community, learn how to improve infrastructure for high-stress events, and become a great… pic.twitter.com/fGYEmz8Yvb

— Meow🥧 (@weremeow) January 2, 2024

The team wrote that they still need to communicate more about the launch process, set up initial infrastructure such as liquidity pools and minting capabilities, and work to “ensure no one is left behind” — apparently ensuring that all eligible users can claim JUP. The planned release will take place in three weeks to allow final details to be worked out with the community.

“We will experiment. If we make a mistake, we will admit it and ultimately get better,” Meow wrote. “That’s how we got here in the first place. I’m determined to enter this new phase the same way. Just do it, pay the price, and study as hard as you can.”

In November, Jupiter stated that nearly 1 million Solana wallets were eligible to participate in the JUP airdrop. Jupiter launched its allocation check site in early December, but users will not be able to claim their tokens until the actual airdrop begins later this month.

Jupiter will airdrop a total of 4 billion JUP in four batches, accounting for 40% of the total token supply, of which the first batch is 1 billion. Tokens are allocated based on factors such as the volume of transactions users make on the aggregator and how often they use the platform.

According to data from Solana Floor and Step FinanceIn December, Jupiter experienced its highest monthly transaction volume to date, with approximately $16.65 billion traded, more than three times higher than its previous peak in May 2022.

🚨 Breakthrough: @JupiterExchange Transaction volume reached a record high of $16.64 billion in December. pic.twitter.com/7yISsTVRK3

— SolanaFloor | Powered by Step Finance (@SolanaFloor) January 2, 2024