{"id":37392,"date":"2024-02-01T07:10:13","date_gmt":"2024-02-01T07:10:13","guid":{"rendered":"https:\/\/coingrafter.com\/index.php\/2024\/02\/01\/jupiter-price-jup-tanks-70-on-airdrop-in-solana-another-pump-and-dump\/"},"modified":"2024-02-01T07:10:13","modified_gmt":"2024-02-01T07:10:13","slug":"jupiter-price-jup-tanks-70-on-airdrop-in-solana-another-pump-and-dump","status":"publish","type":"post","link":"https:\/\/coingrafter.com\/index.php\/2024\/02\/01\/jupiter-price-jup-tanks-70-on-airdrop-in-solana-another-pump-and-dump\/","title":{"rendered":"Jupiter Price (JUP) Tanks 70% on Airdrop in Solana, Another Pump and Dump?"},"content":{"rendered":"<p> [ad_1]<br \/>\n<\/p>\n<div>\n<p>JUP, the native token of swaps aggregation engine Jupiter, has undergone main promoting in the final 24 hours after the Solana airdrop on Wednesday, January 31. At press time, HUP is buying and selling 62.7% down a value of just below $0.60.<\/p>\n<h2>Is Jupiter Price Facing Pump and Dump?<\/h2>\n<p>Soon after the airdrop, the JUP value rallied all the way in which to a excessive of $1.27 as per the information on CoinMarketCap. Also, the early bids got here round $0.41, which means, the JUP value tripled in no time taking its market cap to a staggering 1.72 billion at its peak.<\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.80 --><\/p>\n<p>However, the <a href=\"https:\/\/coingape.com\/solana-based-jupiter-to-debut-post-airdrop-buzz-price-to-rally\/\" target=\"_blank\" rel=\"noopener\">JUP price<\/a> has corrected by 60% since then with the buying and selling volumes skyrocketing to $1.2 billion. In a current announcement by Airdrop Official <a rel=\"nofollow noopener\" href=\"https:\/\/twitter.com\/its_airdrop\/status\/1730672833985126412\" target=\"_blank\">shared<\/a> particulars relating to the Jupiter token and its upcoming airdrop.\u00a0 Here are the important thing highlights:<\/p>\n<ul>\n<li>The complete provide of Jupiter tokens ($JUP) stands at a formidable 10 billion.<\/li>\n<li>A considerable variety of 955,000 wallets that engaged with Jupiter earlier than November 2nd are deemed eligible for participation in the airdrop.<\/li>\n<li>The distribution plan features a strategic allocation of 40% of the overall token provide throughout 4 rounds of airdrops. The first spherical, slated to kick off the distribution, encompasses 10% of the overall provide, equal to a considerable 1 billion tokens.<\/li>\n<\/ul>\n<p>Interestingly, a 17-year-old additionally made a staggering $1,000,000 with the Jupiter airdrop.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">\ud83e\ude82 Here&#8217;s some details about the Jupiter token and airdrop:<\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.80 --><\/p>\n<p>\u2013 Total of 10 billion <a href=\"https:\/\/twitter.com\/search?q=%24JUP&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$JUP<\/a> tokens.<br \/>\u2013 955,000 wallets that interacted with Jupiter earlier than Nov 2nd are eligible.<br \/>\u2013 40% allotted to 4 rounds of airdrops, with 10% in the primary spherical (1 billion tokens). <a href=\"https:\/\/t.co\/RfJq8i2lL9\">https:\/\/t.co\/RfJq8i2lL9<\/a><\/p>\n<p>\u2014 Airdrop Official \ud83e\udd87\ud83d\udd0a (@its_airdrop) <a href=\"https:\/\/twitter.com\/its_airdrop\/status\/1730672833985126412?ref_src=twsrc%5Etfw\">December 1, 2023<\/a><\/p>\n<\/blockquote>\n<h2>Solana Maintains 100% Upside<\/h2>\n<p>\u201cRemarkably, there were no significant issues\u201d reported throughout the preliminary part of the airdrop, acknowledged 7Layer, the nameless operator of the Overclock validator. \u201cThe server appeared quite normal.\u201d<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">\ud83d\udea8 BREAKING: Solana maintains 100% uptime throughout the peak site visitors of <a href=\"https:\/\/twitter.com\/search?q=%24JUP&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$JUP<\/a> Jupiter airdrop declare and buying and selling. <a href=\"https:\/\/t.co\/3tWaOX9yqU\">pic.twitter.com\/3tWaOX9yqU<\/a><\/p>\n<p>\u2014 SolanaFlooring | Powered by Step Finance (@SolanaFlooring) <a href=\"https:\/\/twitter.com\/SolanaFloor\/status\/1752713409110683903?ref_src=twsrc%5Etfw\">January 31, 2024<\/a><\/p>\n<\/blockquote>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.80 --><\/p>\n<p>Nevertheless, the launch did encounter some challenges. Certain RPC nodes, appearing as intermediaries for wallets and the community, confronted difficulties assembly person calls for, notably in the preliminary half-hour of the airdrop, based on validators engaged in discussions on Solana\u2019s Discord server. \u201d<\/p>\n<p>The common finish person encountered important difficulties in the primary 30-45 minutes making an attempt to carry out any actions,\u201d famous one validator on the server. \u201cWhile the consensus layer performed well, let\u2019s acknowledge that the user experience was less than optimal\u201d.<\/p>\n<p>Ultimately, the trajectory of Jupiter\u2019s buying and selling volumes is more likely to considerably affect the long-term prospects of the Jupiter value.<\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.80 --><\/p>\n<p>However, potential traders ought to stay conscious of the fixed threat that the joy surrounding the airdrop could have led to an extreme inflation of the JUP value.<\/p>\n<p>This state of affairs might make JUP susceptible to a short-term downturn. In the occasion that the Jupiter value retraces in the direction of $0.40, it would current a sexy alternative for long-term bulls to contemplate shopping for the dip.<\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.80 --><\/p>\n<div class=\"m-on mobiless\">\n<div id=\"social-section-new\">\n<p>\u2713 Share:<\/p>\n<p>                                  <a class=\"social-text_new wp_new\" href=\"https:\/\/api.whatsapp.com\/send?text=https:\/\/coingape.com\/jupiter-price-jup-tanks-70-on-airdrop-another-pump-and-dump\/\" target=\"_blank\" style=\"display: block\" rel=\"noopener\">  <i class=\"fa fa-whatsapp\"\/><\/a><\/p>\n<div>\n                                <a class=\"social-text_new tw_new_logo\" href=\"https:\/\/twitter.com\/intent\/tweet?text=https:\/\/coingape.com\/jupiter-price-jup-tanks-70-on-airdrop-another-pump-and-dump\/\" target=\"_blank\" rel=\"noopener\"><br \/>\n  <img loading=\"lazy\" decoding=\"async\" class=\"mb-1\" alt=\"coingape\" width=\"30\" height=\"30\" src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2023\/08\/14164721\/x-logo.png\"\/><noscript><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2023\/08\/14164721\/x-logo.png\" class=\"mb-1\" alt=\"coingape\" width=\"30\" height=\"30\"\/><\/noscript><br \/>\n<\/a>\n                                <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p>          <!-- \n\n<div class=\"m-on pl-2 pr-2\">\n            \n\n<div class=\"row\">\n            \n\n<div class=\"col-6 pr-2\">\n         \n\n<div class=\"Borderboxies_2 mb-3  fullmobx\">\n             \n            <a href=\"https:\/\/coingape.com\/top-7-crypto-marketing-firms-of-the-year\/?utm_source=abovesidebartabnews&utm_medium=organicarticle\">\n            \n\n<div class=\"SponserdyWebimg_2\"><img loading=\"lazy\" width=\"834\" height=\"833\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" decoding=\"async\" src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2022\/12\/15175104\/top_crypto_marketing_agencies.jpg\" ><noscript><img loading=\"lazy\" width=\"834\" height=\"833\" src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2022\/12\/15175104\/top_crypto_marketing_agencies.jpg\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" decoding=\"async\" ><\/noscript><\/div>\n\n\n                \n\n<div class=\"Sponserdtent_2 mt-2\">Top Crypto Marketing Firms \/ Agencies 2023; Here&rsquo;s Best Picks [Updated]\n <\/div>\n\n\n            <\/a>\n          \n            <\/div>\n\n\n            <\/div>\n\n\n                  \n\n<div class=\"col-6 pl-2\">\n                 \n\n<div class=\"Borderboxies_2 mb-3  fullmobx\">\n             \n            <a href=\"https:\/\/coingape.com\/top-10-web-3-games-to-explore-in-2023-here-list\/?utm_source=priceanalysisbar&utm_medium=organicarticle\">\n            \n\n<div class=\"SponserdyWebimg_2\"><img loading=\"lazy\" width=\"834\" height=\"833\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" decoding=\"async\" src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2022\/12\/23134356\/jpg_20221223_134223_0000.jpg\" ><noscript><img loading=\"lazy\" width=\"834\" height=\"833\" src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2022\/12\/23134356\/jpg_20221223_134223_0000.jpg\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" decoding=\"async\" ><\/noscript><\/div>\n\n\n                \n\n<div class=\"Sponserdtent_2 mt-2\">Top 10 Web3 Games To Explore In 2023; Here List\n <\/div>\n\n\n            <\/a>\n          \n            <\/div>\n\n\n            <\/div>\n\n\n                <\/div>\n\n\n        <\/div>\n\n                    --><\/p>\n<div class=\"TabDicA\">\n<div class=\"TBAcon \">\n<div class=\"authorFlip tabcS\" id=\"TabA177828\">\n<div class=\"authorBox\">\n<div class=\"author_Name\">\n<!--\n                                      \n\n<div class=\"getAuthoname\">\n                                          \n                                                                                 \n                                       <\/div>\n\n \n--><\/p>\n<p>Bhushan is a FinTech fanatic and holds a very good aptitude in understanding monetary markets. 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At press time, HUP is buying and selling 62.7% down a value of just below $0.60. Is Jupiter Price Facing Pump and Dump? Soon after the airdrop, the 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