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Trader Earns $1 Million in Jupiter Airdrop; Algotech Next?

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TLDR

  • Trader earns over $1 million in profits from JUP token airdrop.
  • 5.5 million JUP tokens worth $3.6 million were distributed to 27,600 wallet addresses. The move comes from a broader series of airdrops worth roughly $700 million. 
  • Jupiter gained attention with its Binance listing and partnership with Mercuryo, signaling the next evolution for the Solana ecosystem. 

Jupiter exchange’s token JUP shook the entire crypto world after an individual trader made a $1 million profit from its airdrops. According to Look on Chain and Solscan’s data, almost 5.5 million JUP were distributed in the airdrop worth $3.6 million to 27,600 wallet addresses.

Traders with the wallet addresses 7poJrJn, 2rSAFYA, and DyyQ55ei, made the most profit of $1 million from the airdrops, which made JUP the center of attention. The JUP community played a great role in making this airdrop successful, and the traders still kept a lot of JUP even after selling some for profit. The community is now focused on helping the Solana network grow.

Jupiter Exchange’s Impact on Crypto Market

Jupiter exchange got a lot of attention when it was listed on Binance. Its founder, who’s known as Meow, talked about their strategic listings and collaboration with Mercuryo. The partnership was focused on introducing a fiat on-ramp to make it easy for the Solana network community. 

Jupiter’s partnership with Mercuryo offers a variety of services like wormhole bridge and bridge comparator. The DeFi aggregator is playing a significant role in expanding the ecosystem and improving access to liquidity. 

Before the airdrop of Solana-based JUP, Its Ethereum version also saw an increase of 430%, pumping from $0.005 to $0.026 on 31st January and then falling back to $0.007. The Ethereum version was launched in 2017, but it’s now inactive.

Jupiter’s (JUP) successful launch has diverted investor attention to other meaningful projects, including cutting-edge trading platform Algotech (ALGT). 

Algotech Positioned to Surpass Jupiter With Wildly Successful Private Seed Round 

Despite Jupiter’s monumental success, investors are continuing to explore other projects with expansive potential. Algotech (ALGT) has emerged as a major choice by market insiders after the platform concluded it’s private sale. 

The project managed to raise $1.1 Million in just two days thanks to it’s community-centric vision. Community members of the project will be entitled to governance rights, profit shares and will have access to advanced trading strategies including hedging, mean reversion, and algorithmic consolidation. 

Unlike Jupiter, which has sustained a significant chunk with founders, Algotech (ALGT) promises to reinvest the majority of the project earnings back into the growth of the ecosystem. 

As of right now, the presale of the project is available at $0.04. However, that is expected to grow significantly in the coming few months. 

For more details:

Visit Algotech Presale

Join The Algotech Community

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