The daily trading volume of the DEX aggregator on Solana, Jupiter, reached a record $1.4 billion amid the launch of the native JUP token.
Jupiter trading volume. Data: Jupiter Station.
The total number of transactions was 1.57 million, and the number of unique wallets reached 288,260.
The most popular trading pair was USDC/JUP with a trading volume of about $218 million.
Top 10 trading pairs on Jupiter. Data: Jupiter Station.
On January 31, the project held the second round of airdrop among community members. According to the data Duneat the time of writing, only 45% or 430,555 eligible wallets have claimed 634 million JUP.
JUP indicators. Data: Dune.
The average price of a token on decentralized exchanges is $0.61. Popular CEXs like Bybit, Binance, Bitfinex and OKX have also listed the coin.
Lookonchain analysts noticed that one alleged airdrop hunter received 1.85 million JUP for an approximate amount of $1.17 million. He has already sold or exchanged some of the coins on trading platforms.
It seems someone made $1.17M in the $JUP #airdrop!
Wallet”7poJrJ” received an airdrop of 1.85M $JUP($1.17M) via ~9,246 wallets.
Then sold 1.4M $JUP($898K) at $0.6371 on #DEXand deposited 121K $JUP($77K) to #Bybit and #MEXC.
The wallet has 319K $JUP($196K) left currently. pic.twitter.com/llz2fWYWJN
— Lookonchain (@lookonchain) February 1, 2024
During the launch, traders accidentally performed a Pump&Dump with a token that had a similar ticker as JUP.
Source: Cryptocurrency
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