The native asset of the decentralized exchange (DEX) Jupiter, JUP, continues to be a hot topic in the cryptocurrency market. It was recently discovered that three cryptocurrency investors made a substantial profit from the JUP AirDrop. This has once again turned the crypto world’s attention to the altcoin.
Three Crypto Investors Earn Over $1 Million
Look On Chain reported that three crypto investors were among the AirDrop hunters who profited over $1 million from the JUP AirDrop. According to Solscan data, the AirDrop hunters received 5.5 million JUP tokens, valued at $3.6 million, through 27,600 different wallet addresses.
On-chain data indicates that wallet addresses starting with 7poJr…, 2rSAF…, and DyyQ5… earned over $1 million thanks to the JUP AirDrop. This has sparked interest among crypto enthusiasts following a period of significant price fluctuations for JUP since its inception.
Solscan data shows that the AirDrop hunters still hold a large amount of JUP. Currently, the wallet address starting with 7poJr… holds 319,000 JUP valued at $191,344, while the wallet address starting with 2rSAF… holds 884,601 JUP valued at $530,606. Additionally, the wallet address starting with DyyQ5… holds 1.06 million JUP valued at $640,853.
The fact that the JUP token is listed on leading cryptocurrency exchanges like Binance and has garnered support from these platforms may have encouraged AirDrop hunters to hold onto their assets rather than selling them. This is likely due to the expectation that the altcoin’s price could reach much higher levels.
Current Status of JUP’s Price
JUP, the native asset of the Jupiter DEX, is trading at $0.615, up 3.33% in the last 24 hours at the time this article was written. During this period, the altcoin’s trading volume has decreased by 54.43%, falling to $688.95 million. Moreover, JUP’s price reached a high of $0.6324 and a low of $0.5705 in the last 24 hours.
Current data reveals that since its launch, JUP has experienced a significant drop, exceeding 65%.
