The anonymous creator of the project, using the pseudonym Meow, has announced details of the upcoming distribution. He claims that the airdrop is scheduled for the last week of January, after the completion of preparations under the codename Jupuary.

The team clarified that they need to develop the necessary infrastructure, including liquidity in pools, and ensure that all users eligible for receiving JUP tokens can request their tokens. It is expected that approximately 1 million wallets on the Solana network will participate in the airdrop.

Jupiter plans to distribute a total of 4 billion JUP tokens, which represents 40% of the total supply, over four rounds. The amount of tokens received will depend on various factors, including trading volume on the platform and user activity.

According to Solana Floor and Step Finance data, in December, Jupiter recorded a historic trading volume of approximately $16.65 billion. This is more than three times the previous record set in May 2022.