Jupiter’s $500M AirDrop sparks sell-off: Can JUP recover?

Jupiter’s $500M AirDrop sparks sell-off: Can JUP recover?

Table of Contents

  • Airdrop, which is valued at $ 500 million from JUPITER, leads to 61% of the portfolio, but leads to a decrease in the price of JuP by 11% within 24 hours.
  • The liquidation activity stabilizes with the increase of the JUP open interest by 8.63% to 122.9 million dollars amid a strong trading volume.

Solana [SOL]The decentralized exchange based on Jupiter [JUP]I officially launched AirDrop “JuPUARY”.

More than 2 million qualified wallets for a share of 700 million JuP code worth approximately $ 500 million.

As of January 23, 578,657 portfolios – representing 61% of qualified participants – have succeeded in claiming their distinctive symbols, for each Sandin dunes. This leaves approximately 39 % of the portfolio that has not yet dealt with Airdrop.

JUP is declining amid thick trading volume

The price of JUP 0.7849 dollars At publication time, which reflects a 11.29 % decrease over the past 24 hours. Last week, the currency saw a 3.65 % decrease, with a market value now $ 1.86 billion.

The trading volume remained strong, as it reached 816 million dollars during the past 24 hours.

The decrease in the distinctive code price is recently associated with increasing sales after the distribution of Airdropled symbols. The behavior of profit is noted when the receivers filter their property.

Meanwhile, Airdrop has contributed to increasing liquidity and trading activity, which may help in the stability of the market in the near future.

Low leverage after fluctuations

according to Data analysisThe liquidation trends indicated a very volatile event on January 18.

During this period, the long liquidations reached more than 1.2 million, followed by short liquidation operations that exceeded 800,000.

This activity reflects intense commercial pressure, probably driven by sharp price fluctuations or speculation in the market.

Source: Queenaz

Since January 19, the liquidation activity has decreased significantly, as current readings show clear control of -1,837 short contracts.

Stability in the liquidation processes indicates a decrease in trading activity with leverage, as traders seem to be more cautious.

This quieter environment is compatible with the remarkable recovery in open attention (OI).

Open benefit, TVL shows signs of recovery

On January 23, Jupiter’s open interest reached 122.923 million, which represents an 8.63% increase in 24 hours.

This indicates a moderate recovery after the sharp fluctuations between January 18 and 19.

Source: Tsanng View

OI settled above the level of 110 million after its decrease, indicating some stability in market activity despite the ongoing sales.

In addition, data from Dab Radar It has shown that the closed total value of Jupiter Exchang on Solana has grown steadily. As of January 23, the total value of TVL amounted to $ 2.85 billion, an increase of $ 2.5 billion in early January.


Read Jupiter [JUP] Price 2025-2026


This increase is due to the increased activity caused by Airdrop, which has attracted a large participation of users.

The market’s interest remains on whether JUP is able to recover in the price after Airdrop, as liquidation and trading trends act as major indicators of future performance.

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