Solana

Jupiter

Uniswap

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 <p class="is-style-lead">Amid the Jupiter Exchange token debacle, one airdrop farmer over $1 million in JUP coins using thousands of Solana wallet addresses.</p>
 <p>The trader received 1.85 million Jupiter (JUP) tokens using 9,246 <a rel="noopener noreferrer nofollow" title="wallets" href="https://thebittimes.com/tag/wallets.html">wallets</a> to interact with the Solana-based decentralized exchange (DEX). Part of the <a rel="noopener noreferrer nofollow" title="airdrop" href="https://thebittimes.com/tag/airdrop.html">airdrop</a> haul, worth over $1 million even after a 69% price dip, was liquidated on Jupiter for profits.</p>
 <p>The user deposited around $77,000 in <a rel="noopener noreferrer nofollow" title="airdrop" href="https://thebittimes.com/tag/airdrop.html">airdrop</a>ped tokens on Bybit and Mexc. According to LookOnChain, the <a rel="noopener noreferrer nofollow" title="airdrop" href="https://thebittimes.com/tag/airdrop.html">airdrop</a> <a rel="noopener noreferrer nofollow" title="farmer" href="https://thebittimes.com/tag/farmer.html">farmer</a> held 319,000 JUP valued at $196,000 on-chain. This person accounts for roughly 1% of the eligible <a rel="noopener noreferrer nofollow" title="wallets" href="https://thebittimes.com/tag/wallets.html">wallets</a> for Jupiter’s <a rel="noopener noreferrer nofollow" title="airdrop" href="https://thebittimes.com/tag/airdrop.html">airdrop</a>.</p>
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    <p lang="en" dir="ltr">It seems someone made $1.17M in the $JUP #airdrop!<br><br>Wallet"7poJrJ" received an airdrop of 1.85M $JUP($1.17M) via ~9,246 wallets.<br><br>Then sold 1.4M $JUP($898K) at $0.6371 on #DEX, and deposited 121K $JUP($77K) to #Bybit and #MEXC.<br><br>The wallet has 319K $JUP($196K) left currently. pic.twitter.com/llz2fWYWJN</p>— Lookonchain (@lookonchain) February 1, 2024
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  </svg> <span class="cn-block-related-link__prefix"> You might also like: </span> WEN airdrop concludes with unclaimed supply burned, price sees significant movement
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 <p>Jupiter has become one of the most popular Solana defi protocols following its recent DEX launch and two token distributions in quick succession.&nbsp;</p>
 <p>First, users received the WEN memecoin as a salute to crypto culture and JUP creator Weremeow. A fractionalized NFT poem inspired the token, essentially a stress test for the next airdrop.&nbsp;</p>
 <p>JUP, Jupiter’s native exchange token, came next. This initiative shared $700 million in tokens to early supporters and users of the Solana DEX. However, the launch was met with controversy.</p>
 <p>The biggest concern was tied to a seven-day period where Weremeow and his team could sell 2.5% of JUP’s 10 billion token supply, but only if the price was above 70 cents. Users and airdrop recipients decried Weremeow’s elaborate approach, fearing that a massive dump may shake faith in the project.&nbsp;</p>
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    <p lang="en" dir="ltr">it was slightly confusing sorry about that. the tokens is whatever it is in the DLMM pool. there is no extra selling whatsoever after 7 days.</p>— meow (@weremeow) February 1, 2024
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 <p>The Solana DEX has lept above its peers like Uniswap in daily trading volume as traders flocked to capitalize on the latest airdrop frenzy. Per DefiLlama data, the exchange recorded $1.2 billion in volume over 24 hours, nearly $300 million more than Uniswap.</p>
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  <svg class="cn-block-related-link__icon icon" aria-hidden="true"><use xlink:href="#"></use>
  </svg> <span class="cn-block-related-link__prefix"> Read more: </span> JUP sink by 63% amid $700m airdrop and wrong pump scheme
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/jupiter-airdrop-farmer-earns-1-1m-using-thousands-of-wallets-tbt78551.html">https://thebittimes.com/jupiter-airdrop-farmer-earns-1-1m-using-thousands-of-wallets-tbt78551.html</a></p>

Jupiter airdrop farmer earns $1.1m using thousands of wallets

TheBitTimes

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