Jupiter, a Solana-based decentralized exchange, will launch 700 million JUP tokens to its community on Wednesday in what it calls the “largest airdrop in history.”
The airdrop is part of the project’s annual “Jupuary” event, which was voted into existence alongside another event in 2026 in a governance vote in December. It is scheduled to start at 15:30 UTC.
Concerns were initially raised about the sustainability of the increased supply, prompting the proposal to be amended to include a token audit and burning schedule over the next month.
At the time of writing, JUP is trading at $0.87 after falling 2% in the last 24 hours. The total value of the airdrop is set at $612 million.
