The Solana Floor team has issued an urgent warning about a new scam imitating the Jupiter exchange and its well-known airdrop events. Analysts investigating blockchain data revealed that attackers are targeting Solana users through fraudulent airdrop campaigns, prompting them to connect their wallets to malicious sites that can instantly empty their balances.
How the scam targets users with fake $CJUP tokens
According to Solana Floor, scammers are distributing counterfeit tokens called “$CJUP” by mimicking the original JUP token. These non-existent coins exploit the name recognition of Jupiter’s legitimate Jupuary airdrop, misleading users. When potential victims click the provided links, they are redirected to a phishing website capable of rapidly draining their assets.
Solana Floor emphasized that “scammers are impersonating Jupiter Exchange, sending fake $CJUP to wallets, and directing users to malicious sites. Caution is strongly advised.”
Glossary: A “wallet drainer” is malicious software that can automatically transfer all or the most valuable assets from crypto wallets to third parties after users connect their wallets to fraudulent sites, resulting in complete loss of funds.
Is Jupiter’s official airdrop campaign currently running?
Within the Jupiter community, annual Jupuary airdrops have become a tradition, with major token distributions taking place each January. Reportedly, 1 billion JUP tokens were distributed in January 2024, followed by about 700 million in January 2025, with this latest airdrop valued around $616 million in total.
However, as of May 2026, Jupiter has not announced any new airdrop events. While many users might expect another round due to the history of airdrops, the lack of an official launch means that any current airdrop offers could pose significant fraud risks.
To verify ongoing and future airdrop eligibility, Jupiter provides an official platform at jup.ag, where users can check their status securely.
| Period | JUP Distributed (million) | Value (million $) |
|---|---|---|
| January 2024 | 1,000 | Unknown |
| January 2025 | 700 | 616 |
| May 2026 | 0 | 0 |
Airdrop schedule and governance debates add to user confusion
In February 2026, a proposal was brought before the Jupiter DAO to discuss whether to continue the Jupuary airdrop tradition or end token distributions altogether. The debated options included either maintaining a more limited airdrop (200 million JUP) or returning 700 million tokens to the community fund and transitioning to a new model.
Adding to the confusion, a process in January 2026 for staking rewards that requested users’ seed phrases faced intense backlash and was promptly canceled. Incidents like these have heightened community anxiety, making users more susceptible to confusing unofficial processes with authentic ones.
Spotting the real Jupiter token vs. fake versions
Tokens distributed via scam airdrops such as “$CJUP” are entirely fabricated. Jupiter’s real token uses the “$JUP” symbol, and its official contract address is listed on both Phantom and CoinMarketCap. Experts strongly warn against engaging with any airdrop offered through external sites demanding that tokens be “claimed.”
Only the official jup.ag site should be used to apply for legitimate Jupiter airdrops. As of now, CoinMarketCap reports $JUP is trading at $0.22, with a market cap of $721 million—a considerable drop from its January 2024 peak of $2.04.
