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Jupiter Airdrop Announcement Sparks Surge in JUP Price and Trading Activity
On January 29, market sentiment around Jupiter (JUP) strengthened notably after the project announced an upcoming airdrop of 200 million JUP tokens. Jupiter confirmed that the token distribution will take place on January 30, with 175 million JUP allocated to active users and an additional 25 million JUP distributed to stakers.
Following the announcement, JUP quickly became one of the most closely watched assets within the Solana ecosystem, attracting heightened attention from both retail and speculative traders.
Driven by airdrop anticipation, JUP’s price surged approximately 15% within 24 hours, reaching an intraday high of $0.2217. At the same time, spot trading volume expanded to around $63.6 million, more than doubling compared to previous levels, signaling a rapid influx of short-term speculative capital.
Activity in the derivatives market also increased in parallel, with short-term volatility rising sharply, reflecting elevated risk appetite and intensified positioning ahead of the token distribution event.#FedKeepsRatesUnchanged