Jupiter is making waves in the cryptocurrency world by announcing the launch of its own meme coin on the Solana blockchain. This new coin, which will be airdropped to eligible wallets, is expected to have an even bigger airdrop than Jupiter’s own JUP token.
The launchpad for the meme coin will test out the platform’s capabilities before the official launch of the JUP token. The meme coin, created by Ovols, a DeFi meets NFTs protocol on Solana, will utilize Jupiter’s technology for its debut.
Details about the meme coin airdrop were previously unknown, but it has now been revealed that it will be even larger than the JUP airdrop. Jupiter’s founder, Meow, took to Twitter to share this exciting news.
The Ovols meme coin will allocate 1% of its supply to Jupiter, with 75% going to the upcoming JUP DAO and 25% to Jupiter’s team. While a specific date for the airdrop has not been announced, it is expected to happen this week.
Meme coins have been gaining popularity on Solana recently, despite their notorious volatility. While some meme coins have experienced significant surges in value, they can also see sudden drops with little explanation.
Regardless of their stability, airdrops bring excitement to crypto communities and can inject substantial value into them. Jupiter has two airdrops planned in the coming days, promising to make a significant impact in the cryptocurrency space.