Jupiter Exchange, Solana’s leading DEX aggregator, has reduced its airdrop volume for the 2026 Jupuary event. To avoid further dilution of JUP tokens, the token airdrop has been scaled back.
Jupiter will change the rules for the 2026 Jupuary to avoid further dilution of the JUP token. Previously, Jupiter held a vote to distribute 700 million JUP in two events to avoid another decision by the community for 2026. However, based on the community's response to the previous Jupuary, the rules were changed ahead of the event.
In early 2025, Jupuary rewarded all users, including new users, but then users were sold and the price of JUP fell. The new entrants were accused of putting pressure on JUP by realizing profits quickly.
Jupuary exclusive airdrop, changes to eligibility rules
This time, Jupiter has announced that only 200 million JUP will be allocated for the 2026 airdrop out of the maximum approved 700 million tokens. The DAO's decision does not set the airdrop amount at exactly 700 million, leaving room for the rules to change based on market conditions.
Eligibility rules have also changed, with airdrops now limited to paid users. A new snapshot will be created on January 30, 2026. During the community call, it was also announced that the following buyers will be purchasing KIRBY tokens: eligible For airdrop.
Of the total amount, 25 million will go to stakers and 175 million tokens to users, but this only applies to paid activities. The remaining tokens will be divided for future use. 200 million JUP has been set aside as a bonus pool and will continue to be wagered. Stakers will receive another airdrop before the next Jupiter conference in 2027. 300 million tokens will be reserved for Jupnet, an omnichain liquidity network.
JUP sinks to an all-time low
The native JUP token has always been under price pressure and has recently sunk to all-time lows. News of the upcoming Jupuary and another 700 million tokens for the ecosystem sent JUP down further, down to $0.25.
JUP hit a new all-time low following news of the Jup Alley small event. Despite Jupiter's growth as one of Solana's main apps, JUP has always felt sales pressure. |Source: Coin Gecko
JUP open interest also fell to an all-time low. $35 millioneven though Binance's listing is relatively fluid.
The Jupiter team recently approved the burning of 130 million JUP tokens issued by the Litterbox Treasury. The team also encourages staking, with a record 730 million tokens locked in staking contracts. Additionally, the Jupuary event will add a bonus to all recipients who staked JUP for a year.
JUP is also required to access the Metis aggregation engine. To avoid spam, power users must deposit 10,000 JUP for self-hosted Metis binaries. Priority access will only be granted after staking 10,000 JUP to remove more tokens from circulation.
Jupiter remains the top fee producer, paying around $2 million in fees per day for DEX and aggregation activity. The platform has evolved into a multitasking app. In the past few months, the protocol has locked $1 billion in loans, updated the mobile version, added portfolio history and airdrop checkers, and shipped the Jupiter desktop wallet.
