Jupiter, a Solana-based decentralized exchange, is set to conduct a substantial airdrop of 700 million JUP tokens, valued at approximately $612 million. This event is part of the annually celebrated 'Jupuary' event, designed to engage the community and encourage participation. The airdrop will begin at 15:30 UTC on Wednesday, January 22, 2025. Recently, the JUP token has seen a slight decline of 2% in the last 24 hours, trading at $0.87. Concerns regarding the sustainability of the token supply have led to an amended proposal that includes a token audit and a burn schedule planned for the following month. Another significant airdrop is already scheduled for the next year, indicating Jupiter's ongoing commitment to its community and token distribution.

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