Token

Solana

Jupiter

The post <a href="https://coinpedia.org/price-analysis/jupiter-airdrop-frenzy-trader-makes-1-17m-profit-is-jup-token-worth-buying/">Jupiter Airdrop Frenzy: Trader Makes $1.17M Profit; Is JUP Token Worth Buying?</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a> 
Jupiter, a decentralized exchange (DEX) aggregator on the Solana network, recently facilitated a staggering $1.39 billion trading volume within a single day. This record-breaking figure is more than double its usual daily trading volumes, placing Jupiter among the top-tier DEX platforms. 
The catalyst behind this surge was the highly-anticipated launch of Jupiter’s token, accompanied by a generous airdrop.&nbsp; 
Jupiter’s airdrop was strategically designed to reward its early adopters. Targeting 955,000 wallet addresses, it offered rewards to users who had traded a minimum of $1,000 on the platform before November 2nd.&nbsp; 
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 As per Dune Analytics, about 62.9% of the JUP tokens have been claimed, spanning over 450,000 addresses.&nbsp; 
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Amidst the airdrop, an exciting development emerged. A wallet identified as “7poJrJ” earned $1.17 million from the JUP airdrop, receiving 1.85 million JUP tokens distributed across approximately 9,246 wallets.&nbsp; 
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 It seems someone made $1.17M in the <a href="https://twitter.com/search?q=%24JUP&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$JUP</a> <a href="https://twitter.com/hashtag/airdrop?src=hash&amp;ref_src=twsrc%5Etfw">#airdrop</a>! Wallet"7poJrJ" received an airdrop of 1.85M <a href="https://twitter.com/search?q=%24JUP&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$JUP</a>($1.17M) via ~9,246 wallets. Then sold 1.4M <a href="https://twitter.com/search?q=%24JUP&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$JUP</a>($898K) at $0.6371 on <a href="https://twitter.com/hashtag/DEX?src=hash&amp;ref_src=twsrc%5Etfw">#DEX</a>, and deposited 121K <a href="https://twitter.com/search?q=%24JUP&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$JUP</a>($77K) to <a href="https://twitter.com/hashtag/Bybit?src=hash&amp;ref_src=twsrc%5Etfw">#Bybit</a> and <a href="https://twitter.com/hashtag/MEXC?src=hash&amp;ref_src=twsrc%5Etfw">#MEXC</a>. The wallet has 319K <a href="https://twitter.com/search?q=%24JUP&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$JUP</a>($196K) left currently. <a href="https://t.co/llz2fWYWJN">pic.twitter.com/llz2fWYWJN</a>— Lookonchain (@lookonchain) <a href="https://twitter.com/lookonchain/status/1753016097941680638?ref_src=twsrc%5Etfw">February 1, 2024</a>
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This wallet made a significant move by selling 1.4 million JUP tokens for $898,000 at $0.6371 each. Further, it deposited 121,000 JUP tokens into Bybit and MEXC platforms while retaining 319,000 JUP tokens, valued at around $196,000. 
Considering the high volumes and the growing demand coupled with the improving chances of a bull market in February, the JUP token can reach new heights—currently, the JUP token price trades at $0.61.&nbsp; 
However, buying a volatile token at such an early listing stage comes with a fair share of risk. Considering the uptrend continues, the early investors can make around 25%-30% gains in the coming days.&nbsp;

Jupiter Airdrop Frenzy: Trader Makes $1.17M Profit; Is JUP Token Worth Buying?

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