Token

Jupiter

Step Finance

<p>The post <a href="https://coinpedia.org/news/jupiter-token-jup-witnesses-volatility-with-60-price-correction-post-airdrop-surge/">JUP Price Plummets 60% After $1B Airdrp: Should You Buy the Jupiter Token Now?</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a></p> 
<p>Jupiter’s recent price fluctuations have been nothing short of a rollercoaster. The price shot up to more than $1 billion after the Airdrop, but it quickly went down, showing some short-term ups and downs. After reaching a high of $1.27 right after the airdrop, <a href="https://coinpedia.org/price-analysis/jupiter-airdrop-frenzy-trader-makes-1-17m-profit-is-jup-token-worth-buying/">Jupiter’s price</a> dropped by 60%. </p> 
<p>This happened after the completion of the first out of four planned airdrops, where they distributed 40% of all JUP tokens.</p> 
<h2 class="wp-block-heading" id="h-jupiter-s-airdrop-details">Jupiter’s Airdrop Details</h2> 
<p>Following the Solana on January 31, the JUP price surged to an impressive high of $1.27. Early bids were around $0.41, signifying a tripling of the JUP price and propelling its market cap to a staggering $1.72 billion at its peak.</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
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  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr"><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1fa82.png" alt="🪂" class="wp-smiley" style="height: 1em; max-height: 1em;"> Here's some information about the Jupiter token and airdrop:<br><br>– Total of 10 billion <a href="https://twitter.com/search?q=%24JUP&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$JUP</a> tokens.<br>– 955,000 wallets that interacted with Jupiter before Nov 2nd are eligible.<br>– 40% allocated to 4 rounds of airdrops, with 10% in the first round (1 billion tokens). <a href="https://t.co/RfJq8i2lL9">https://t.co/RfJq8i2lL9</a></p>— Airdrop Official 
   <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f987.png" alt="🦇" class="wp-smiley" style="height: 1em; max-height: 1em;">
   <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f50a.png" alt="🔊" class="wp-smiley" style="height: 1em; max-height: 1em;"> (@its_airdrop) <a href="https://twitter.com/its_airdrop/status/1730672833985126412?ref_src=twsrc%5Etfw">December 1, 2023</a>
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<p>The Jupiter airdrop, part of a four-round distribution plan, aimed to allocate 40% of the total JUP token supply. The first round distributed 10% of the supply, a whopping 1 billion tokens. Fun fact – 955,000 wallets that engaged with Jupiter before November 2nd were eligible, and a 17-year-old participant even earned $1,000,000.</p> 
<h2 class="wp-block-heading" id="h-the-plan-isn-t-problem-free">The Plan Isn’t Problem-Free!</h2> 
<p>While the airdrop faced minimal issues, certain RPC nodes experienced challenges in meeting user demands, particularly in the initial 30 minutes. Validators reported a less-than-optimal user experience, emphasizing the importance of addressing technical challenges for future airdrops.</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
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  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr"><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1fa82.png" alt="🪂" class="wp-smiley" style="height: 1em; max-height: 1em;"> Here's some information about the Jupiter token and airdrop:<br><br>– Total of 10 billion <a href="https://twitter.com/search?q=%24JUP&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$JUP</a> tokens.<br>– 955,000 wallets that interacted with Jupiter before Nov 2nd are eligible.<br>– 40% allocated to 4 rounds of airdrops, with 10% in the first round (1 billion tokens). <a href="https://t.co/RfJq8i2lL9">https://t.co/RfJq8i2lL9</a></p>— Airdrop Official 
   <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f987.png" alt="🦇" class="wp-smiley" style="height: 1em; max-height: 1em;">
   <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f50a.png" alt="🔊" class="wp-smiley" style="height: 1em; max-height: 1em;"> (@its_airdrop) <a href="https://twitter.com/its_airdrop/status/1730672833985126412?ref_src=twsrc%5Etfw">December 1, 2023</a>
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<h2 class="wp-block-heading" id="h-predicting-the-future-amp-spotting-opportunities">Predicting the Future &amp; Spotting Opportunities </h2> 
<p>The path of Jupiter’s trading volumes is crucial in predicting its future. Potential investors should be cautious, considering the possible impact of airdrop-induced excitement on JUP’s value.</p> 
<p>For strategic long-term investors, a retracement towards $0.40 might be a promising opportunity amid market fluctuations. However, after the Solana airdrop on January 31, JUP faced a wave of selling. Currently trading 2.57% lower, just below <a href="https://markets.coinpedia.org/jupiterr/">$0.560,</a> it’s a bit of a rollercoaster in the world of Jupiter’s native token.</p> 
<p>Read More: <a href="https://coinpedia.org/news/solanas-meme-coin-frenzy-traders-make-100x-profit/">Solana Memecoin Triggers Frenzy as Traders Make 100x Profits; Altseason Soon?</a></p> 
<p>In conclusion, the cryptocurrency world is full of surprises, and Jupiter’s recent journey is proof of its unpredictable nature. Hold tight, folks – who knows what’s next in Jupiter’s story?!</p>

JUP Price Plummets 60% After $1B Airdrp: Should You Buy the Jupiter Token Now?

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