Jupiter Exchange is set to distribute a massive airdrop: 700 million JUP tokens worth $612 million will be airdropped at 15:30 UTC on Wednesday.

Billed as the largest airdrop in history, this event is part of the annual "Jupuary" initiative, community-approved.

While initial concerns regarding increased token supply were raised, amendments were made to include a token audit and burn schedule for the coming month. JUP is currently trading at $0.87, down 2% in the last 24 hours. Another "Jupuary" event is planned for January 2026.