Jupiter's($JUP ) $600M Airdrop By ARKHAM($ARKM )
Over $390M of JUP has been distributed to 530K participants so far in one of Solana's largest airdrops ever.
Between snipers, traders and airdrop farmers - here are a few of the largest winners.
The largest single recipient of the airdrop was the account AQjw, who received 204,450 JUP (currently worth around $120K).
They transferred this to a separate account royalhatchery.sol, where they used it to provide liquidity on Meteora, as well as deposit in Solend.
Address: AQjwvtpgZRSy2dmS9ztGZgbQDu7xM9abrin3wSqKRD1r
The first sniper to hit the JUP pool was roobot.sol. He committed 675K USDC to the Meteora Launch pool seeded by the Jupiter team, and received over 1.56M JUP tokens in return.
He transferred 1.08M of this JUP to Binance before trading began, while spreading the other 488K among multiple accounts on-chain.
Address: 8qP1ZEYwqe2F7uMxaA41c5X1EbrTawBC6o8C6ebyhRk9
JUP’s Binance listing resulted in a wick up to as high as 0.875, which was over 10% higher than prices on DEXes at the time.
Depending on when he sold on Binance, he may have realized up to more than $1.2M from this trade - that’s almost $500K in pure profit.
Currently, the Automated Market Maker has sold most of these tokens for USDC, and holds $99M USDC to $36M in remaining JUP.
This large liquidity pool is intended to help dampen JUP volatility for the first 7 days, and can be withdrawn by the team at any point after that.
Address: GhZtugCqUskpDPiuB5zJPxabxpZZKuPZmAQtfSDB3jpZ
If you find topics on
Free Crypto Airdrop
Crypto news
Trading Strategy
$0 Airdrop
Interesting and educative, do well to like ,share and Follow X MUCAN
