Jupiter, a decentralized exchange aggregator on Solana, is scheduled to launch its native coin today, and it will soon be available for trade on controlled exchanges.
The token has already been published on centralized exchanges, such as Bybit, Binance, Bitfinex, and OKX, and trading is scheduled to start after 10 am EST.
According to Meow, the founder of the project going by pseudo, Jupiter has also established a native liquidity pool, with tokens starting at $0.40 to match the price curve of the pool.
Thirteen percent of the total 10 billion token supply, or 1.35 billion tokens, will be in circulation.
Jupiter will provide its retroactive airdrop, a benefit for users who transacted at least $1,000 on the platform prior to November 2, concurrently with the token’s activation. Although 955,000 wallet addresses are the objective of the airdrop, less than 670,000 have claimed their tokens as of yet.
prior to launch
Although the JUP token is being officially distributed today, it has been possible to trade the coin as an Aevo pre-launch perpetual derivative for a while. With JUP trading at $0.66 on Aevo’s pre-market, its fully diluted market cap is $6.6 billion.
As measured by volume, Jupiter is the leading decentralized exchange aggregator on Solana, combining liquidity from other DEXs on the network. In the past 24 hours, it has enabled trading volume exceeding $600 million.
