Jupiter, a decentralized exchange based in Solana, will airdrop 700 million JUP tokens to its community on Wednesday in what it calls the “largest airdrop in history.”
The drop is part of the project’s annual “Jupuary” event, which was voted into existence alongside another event in 2026 during a governance vote in December. It is scheduled to start at 3:30 p.m. UTC.
Initial concerns were raised about the sustainability of the supply increase, leading to the proposal being amended to include a token audit and burn schedule over the following month.
At the time of writing, JUP is trading at $0.87 after sliding 2% in the last 24 hours. The total value of the airdrop is estimated at $612 million.
