The launch of Jupiter's JUP token to nearly a million Solana wallets has resulted in a surge of over 70% in JUP's value. This showcases the strength of Solana's network in handling heavy traffic and reflects the positive sentiment within the crypto community. Despite initial discrepancies in opening prices, Solana's infrastructure has proven its robustness, managing over 2,000 transactions per second without hitches. The success of the Jupiter airdrop sets a positive tone for future endeavors within the Solana ecosystem.
The decentralized trading aggregator Jupiter, built on Solana blockchain, will distribute its native JUP token today through an airdrop. With an initial maximum circulating supply of 1.35 billion tokens, the token will be distributed to market makers, liquidity pools, and eligible wallet holders. This could lead to a market capitalization of $891 million, with 1 billion tokens set aside for airdrops.