Investors Made Over $1 Million in Profits, What’s Next for JUP?
jupiter Exchange’s native token, JUP, recently sparked a frenzy in the global crypto world on Friday, with the token helping three traders make massive profits in the broader crypto market.
According to data disclosed by Look On Chain, these traders were airdrop hunters who recently earned over $1 million from the JUP airdrop. Additionally, these hunters received an airdrop of 5.5 million JUP, worth $3.6 million, via 27,600 different wallet addresses, according to Solscan data.
Meanwhile, the JUP price was traded in green as of the moment of writing, which aroused the curiosity of traders and investors after the highly volatile movement in recent days.
A Closer Look at the Report
According to on-chain data, addresses 7poJrJn…, 2rSAFYA… and DyyQ55ei… achieved the above-mentioned profits. This seems to have caught the attention of crypto market enthusiasts worldwide, as the JUP price has witnessed quite a massive change since its inception.
Moreover, Solscan’s data shows that these hunters still maintain significant amounts of JUP. Regarding this, 7poJrJn… has 319 thousand JUPs worth $191,344, while 2rSAFYA… has 884,601 JUPs worth $530,606. Additionally, the address DyyQ55ei… has 1.06 million JUP worth $640,853.
Meanwhile, the Jupiter Exchange community noted the recent success of the airdrop. The community has stated that it plans to further develop Jupiter’s ecosystem, nurturing the solana ecosystem while also supporting the commodity.
Simultaneously, the DEX founder shared his views on Jupiter’s upcoming efforts to help the exchange pioneer the DeFi space. Some of these steps included the establishment of a JUP working group, among many others.
Amidst the aforementioned saga, Jupiter seems to have made a major breakthrough in the meantime and has garnered significant attention with its listing on Binance, a leading cex. In addition, the founder of the project, who uses the pseudonym Meow, cleared the air regarding the recent market fluctuations and strategic listings of the JUP token.
Also Read: Paytm Payment Bank Ban: How Will It Affect the Crypto Market?
JUP Price Increases
As of the time the news was published, the price of Jupiter Exchange increased by 2.81% in the last 24 hours and currently stands at $0.6201. However, according to market charts from CoinMarketCap, the token appears to be quite volatile. Its price, meanwhile, has traded mostly in the red since its last listing, raising additional implications for the token.
Also Read: Wall Street Bitcoin and Ethereum Allocations Rise to Yearly Highs; What’s Next for BTC Price?
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