Largest Solana Airdrop: Over Half of Eligible Wallets Have Not Claimed JUP Tokens
The recent Jupiter Exchange (JUP) airdrop on Solana (SOL) is being hailed as one of the largest in the history of the blockchain, but more than 54% of eligible wallets have yet to claim their JUP tokens.
According to on-chain analyst Tom Wan, there are approximately 378 million unclaimed JUP tokens. Wan also noted that over 440,000 wallets have claimed around 622 million JUP tokens since the launch, with a total value of approximately $3.6 billion.
Interestingly, Wan pointed out that the majority of claimers received less than 1,000 JUP tokens. Furthermore, of those who received less than 1,000 JUP, 72% opted to sell rather than hold onto their tokens.
However, crypto analyst Miles Deutscher believes that future JUP airdrops could be larger than expected. He argues that the initial round had a modest allocation, with only 10% of the total JUP tokens distributed. Deutscher predicts that there are still $1.5 billion worth of JUP tokens to be distributed in upcoming airdrops, and three more airdrops are planned for the future.
It’s worth noting that the price of JUP experienced a significant drop of over 70% shortly after its initial airdrop. Whether the token will regain its bullish momentum and surpass the $1 mark again remains uncertain.
In related news, influential X user Rekt Fencer has expressed interest in benefiting from numerous blockchain ecosystems that promise over 100 airdrops worth more than $1 million this year. Fencer suggests staking TIA through the Keplr Wallet on the Celestia ecosystem and on MilkyWay with a minimum stake of 2 TIA, leveraging Celestia’s network growth.
As always, readers are advised to independently verify the facts and consult with professionals before making any investment decisions. BeInCrypto strives to provide accurate and transparent reporting in accordance with the Trust Project guidelines.