Jupiter token to begin trading on exchanges today
Jupiter’s native token will launch today with subsequent trading on centralized exchanges.1.35 billion Jupiter tokens will be in circulation at launch, which accounts for 13.5% of the 10 billion total supply.Jupiter will also open its retrospective airdrop for early users.
Centralized exchanges — including Bitget and others — have already listed the token and will begin its trading, expected after 10 am EST.
The project’s pseudonymous founder, Meow, said Jupiter has also created a native liquidity pool, with tokens initially available at $0.40 — in line with the pool’s price curve.
There will be 1.35 billion tokens in circulation, which accounts for 13.5% of the overall supply of 10 billion tokens.
Upon the token’s activation, Jupiter will also open its retrospective airdrop, which is a reward for users who traded at least $1,000 on the platform before Nov. 2. The airdrop is targeting 955,000 wallet addresses — but, as of now, fewer than 670,000 have claimed their tokens.
Pre-launch market
While the official distribution of the JUP token occurs today, trading of the coin as a pre-launch perpetual derivative Aevo has been available for some time. Currently, JUP’s price on Aevo’s pre-market stands at $0.66, giving it a fully diluted market cap of $6.6 billion.
Jupiter is the top decentralized exchange aggregator on Solana by volume — consolidating liquidity from various DEXs on the network. It has facilitated a trading volume of over $600 million in the last 24 hours.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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