Post Airdrop. Jupiter's Market Cap Skyrockets to $3.5 Billion

Jupiter's market cap has soared by 87% to $3.5 billion following a substantial airdrop of 700 million JUP tokens claimed by 503,000 wallets.

This airdrop is part of Jupiter's strategy to deepen user engagement and decentralize its operations. The platform also announced a massive $3 billion token burn and a buyback program to boost token value and reduce supply and introduced swap fees at 10BPS.

Jupiter played also a pivotal role in facilitating TRUMP token trades, leading to a substantial increase in its platform activity.

Jupiter Roadmap

At the Catstanbul conference, Jupiter unveiled strategic acquisitions, including meme-coin platform Moonshot and a new "V2" platform redesign.

These initiatives, including the development of Jupnet to unify crypto assets under one decentralized ledger, have strengthened Jupiter's position in the decentralized finance sector. The protocol looks solid and confident, driving a 40% price surge in JUP after the announcements.