Jupiter Exchange, the leading DEX aggregator on Solana, decreased the airdrop amount for its Jupuary event in 2026. The token airdrop shrank to avoid further dilution of the JUP token.
Jupiter will change the rules for Jupuary 2026 to avoid further dilution of the JUP token. Previously, Jupiter held a vote to distribute 700M JUP in two events to avoid another community decision for 2026. However, the rules were changed ahead of the event, based on the community reaction to the previous Jupuary.
In early 2025, Jupuary rewarded all users, including newcomers, which then sold and depressed the price of JUP. The newcomers were accused of pressuring JUP by immediately realizing profits.
Jupuary limited airdrop, changed eligibility rules
This time, Jupiter announced only 200M JUP will be allocated in the 2026 airdrop, down from the approved maximum of 700M tokens. The DAO decision does not set the amount of the airdrop at exactly 700M, leaving leeway for changing the rules based on market conditions.
Eligibility rules will also change, and the airdrop will be limited to fee-paying users. A new snapshot will be taken on January 30, 2026. The community call also announced KIRBY token buyers would be eligible for an airdrop.
Of the total amount, 25M will go to stakers and 175M tokens will go to users, but only for fee-paying activities. The remaining tokens will be split for future usage. 200M JUP will be set aside for a bonus pool, which is intended to remain staked. Stakers will receive another airdrop before the next Jupiter conference in 2027. 300M tokens will be reserved for Jupnet, the omnichain liquidity network.
JUP sinks to all-time lows
The native JUP token has been under constant price pressure, recently sinking to an all-time low. The news of the upcoming Jupuary and another 700M tokens for the ecosystem brought another drop for JUP, down to $0.25.
JUP open interest has also fallen to an all-time low of $35M, despite the relatively liquid listings on Binance.
The Jupiter team recently approved the burning of 130M JUP tokens, originating from the Litterbox treasury. The team has also encouraged staking, with a record 730M tokens locked in the staking contract. Additionally, the Jupuary event will add a bonus for all recipients who stake their JUP for a year.
JUP will also be required to access the Metis aggregation engine. To avoid spam, power users will have to deposit 10,000 JUP for a self-hosted Metis binary. The priority access will be given only after staking the 10,000 JUP, to remove more tokens from circulation.
Jupiter remains a top fee producer, with nearly $2M in daily fees for its DEX and aggregation activity. The platform is evolving into a multi-task app. In the past months, the protocol locked $1B in lending, updated its mobile version, added portfolio history and an airdrop checker, and shipped Jupiter Desktop wallet.
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