Jupiter, a Solana-based decentralized exchange, will send 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 to co-exist with another event in 2026 in a government referendum in December. It is scheduled to start at 15:30 UTC.
Initial concerns were raised about the sustainability of the supply increase, prompting the proposal to be amended to include a symbolic review and burn plan over the next month.
At the time of writing, JUP is trading at $0.87 after falling 2% over the last 24 hours. The total value of the airdrop is set to be $612 million.
