Posted 1/31/2024, 4:20:04 PM
Jupiter Token Airdrop Sees Strong Debut Despite Solana Network Strains
- JUP token launched today to nearly 1 million eligible wallets, opening around $0.42 and quickly climbing over 70% to above $0.72
- JUP currently has ~$1B market cap based on circulating supply of 1.35B tokens out of 10B total
- Jupiter airdrop kicked off this morning - big question was whether Solana network could handle demand without downtime
- So far, Solana network seems to be functioning steadily at 2000+ TPS with some failed transactions but no major outages
- SOL price is up slightly, breaking back above $100 mark after dipping below earlier today