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Jupiter Exchange's native token, JUP, recently echoed a sense of frenzy across the global crypto landscape on Friday as the token aided three traders in nabbing colossal profits within the broader crypto market. According to the data unveiled by Look On Chain, these traders were airdrop hunters who recently made over $1 million in the
One of the most-anticipated airdrops faced social media ire over its novel token distribution plan.
On February 2, blockchain analysis service “Lookonchain” revealed that the airdrop by Jupiter, a leading DeFi platform on the Solana blockchain, which got started on January 31, has been very good to some people. As the Phantom wallet team explained recently, the JUP token is the governance token of Jupiter.
Critics have come down heavily on how the JUP token was launched barely 24 hours after its highly anticipated airdrop.
Jupiter's $700 million JUP airdrop showcased Solana's scalability limits while propelling the DEX to new heights and highlighting blockchain growth versus governance tensions.
Meow, the pseudonymous founder of Solana DEX aggregator Jupiter, has responded to criticisms of the project's massive JUP airdrop.
Solana was tasked with the weight of carrying Jupiter's airdrop, which led to a rise in the former's volume.
The pseudonymous Meow isn't bothered by the ‘FUD,” and says crypto influencers crying foul “only understand buy/sell.”
The cryptocurrency market witnessed a significant downturn with the introduction of the JUP token, a new digital asset from Jupiter, a decentralized exchange built on the Solana blockchain.
Jupiter successfully launched its JUP token. The airdrop, one of the largest in crypto history, distributed an astounding $700 million worth of JUP tokens to almost a million wallet holders. Jupiter's JUP Token Airdrop Distributes to Nearly a Million Users The cryptocurrency world witnessed one of the largest token airdrops in its history on Jan.
Less than 24 hours following Jupiter's much-anticipated airdrop, some critics are raising concerns about how the JUP token was launched.
Altcoins To Buy: Certain altcoins emerge as beacon lights for potentially high returns as the cryptocurrency market navigates through volatility. Among these, Solana (SOL), Jupiter (JUP), and Manta Network (MANTA) stand out for their unique value propositions and recent performances.
In a surprising turn, Solana's Jupiter DEX Token drops 70% following its recent listings on major exchanges.
On Wednesday (January 31), the highly anticipated Jupiter (JUP) airdrop took place. Jupiter, a decentralized exchange aggregator built on the Solana blockchain, has been making waves in the crypto space lately, even surpassing Uniswap in terms of trading volume.
Amid the Jupiter Exchange token debacle, one airdrop farmer over $1 million in JUP coins using thousands of Solana wallet addresses.
Jupiter Exchange faces JUP token price drop amid ambitious plans. Despite challenges, Jupiter surpasses Uniswap V3 in 24-hour trading volume.
Bitcoin (CRYPTO: BTC) moved lower, with the cryptocurrency prices trading below the key $43,000 level on Thursday. Ethereum (CRYPTO: ETH) also recorded losses, trading below the key $2,300 mark this morning.
Jupiter Exchange, a Solana-based decentralized exchange, has been making waves with a series of strategic moves. From major listings on renowned exchanges to colossal airdrops, the exchange is now a focal point of attention in the crypto community.
TL;DR The Jupiter team addressed the controversy surrounding their token sale and fundraising strategies, explaining their decision. They acknowledged the risk they took on, as they have no certainty about the final amount they will end up with. Jupiter's newly introduced governance token, known as JUP, commenced trading at 10 a.m. Eastern Time the previous day.
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.
In a recent revelation on the X platform, the founder of Solana-based Jupiter Exchange, known by the pseudonym “meow”, shared insights into the token dynamics, addressing concerns within the community. The founder clarified the absence of selling after seven days for tokens in the launch pool, emphasizing the strategic use for the team treasury or
In the past 24 hours, Solana DEX aggregator Jupiter (JUP) facilitated an impressive $1.38 billion in trading volume, marking a significant increase compared to its recent daily trading volume. This surge solidifies Jupiter's position as the top DEX platform during this period.
DEX aggregator Jupiter recorded nearly $1.4 billion in trading volume over the last 24 hours amid the launch of its native token.
Jupiter's 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, Jupiter's price dropped by 60%.
