JUP Token Price Drops Amid Airdrop Event: What’s Driving the Decline?
JUP Token Price Drops Amid Airdrop Event: What’s Driving the Decline?

Jupiter’s native token, JUP, has experienced a sharp 6% decline in price after the recent airdrop, falling from a high of $1.20 to $0.81 in just 24 hours. The Solana-based DEX aggregator distributed 700 million JUP tokens to 2 million eligible wallets, causing market volatility. The article explores the reasons behind this price drop, including network congestion, airdrop dynamics, and broader market conditions. It also provides an outlook on JUP’s potential future price movements and long-term tokenomics.

2025-01-23Read
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