Bonk, the Solana-based memecoin has been in the news a lot lately, especially with how Coingecko calculates that it is still up by more than 500% over the last month, despite its massive decline from $0.000032 to $0.00001875.
The final quarter of the year has been a spectacular one for SOL and Solana-based cryptocurrencies like Jito, Pyth and Bonk.
And according to reports, a new Solana-based airdrop is about to land sometime in January.
Here's everything you need to be aware of:
Jupiter is one of the largest Defi aggregators in the SOL ecosystem.
According to a recent announcement from Meow, the pseudonymous founder of Jupiter, the aggregator's development team has just announced that it will distribute 1 billion JUP tokens to Solana users in January, and here's everything you need to know.
Firstly, the Jupiter airdrop is scheduled to start in January 2023, and will only be available to SOL users who meet "certain criteria".
Secondly, this airdrop will be the first of many other airdrops that will collectively send another 40% of the 10 billion JUP supply to the Jupiter community.
This means that 2024 will be littered with multiple $JUP airdrops
According to the announcement, to be eligible for the airdrop, users need to have a SOL wallet with a balance of at least 0.1 SOL as of December 31, 2022.
Users can check their eligibility and the amount of JUP they will receive here, on the Jupiter website, and the airdrop will be distributed proportionally to the user's balance.
This means that the more SOL a user has at the end of the year, the more they can receive in the upcoming airdrop. Prizes also range between a minimum of 100 JUP and a maximum of 10,000 JUP per wallet.
First of all, we should go over how big Jupiter already is.
Jupiter, according to CoinMarketCap, is one of the largest gems in Solana's crown. At the time of writing, the DEX aggregator has seen transaction volumes of more than $139 million over the last 24 hours.
CoinMarketCap ranks Jupiter as the 9th largest Defi protocol overall, making it second only to Uniswap V2.
In terms of how this affects SOL, you should know that SOL currently trades at around $67, after yet another price rejection from $75.
SOL bulls interested in this new airdrop, are expected to enter an accumulation frenzy, stacking up on as much SOL as they can get before 31 December.
Judging by this, Solana's year-end rally is expected to be fueled by not just BONK, Pyth and Jito, but also by Jupiter.
Disclaimer: Voice of Crypto aims to deliver accurate and up-to-date information, but it will not be responsible for any missing facts or inaccurate information. Cryptocurrencies are highly volatile financial assets, so research and make your own financial decisions.