17-Year-Old Becomes Millionaire After Jupiter(JUP) Airdrop

YEREVAN (CoinChapter.com) – Jupiter(JUP) Airdrop has caused a stir among early profit seekers on the market. One of them, a 17-year-old Jupiter crypto investor already became a millionaire, and hurried on to X (or Twitter if you prefer) to share the news.

Teenager To Millionaire – Thanks, Jupiter!

The allusive @notxavierj posted his gains and got the platform instantly divided on the matter. The camp of naysayers jumped on the opportunity to point out that the young trader might have been bluffing, or that that he’s ‘one in a million.’ Overall, they underscored the fact that such traders LOSE more than the GAIN.

What about the other camp? Well, the supporters were supportive to the point of teary-eyed admiration.

Only in crypto does opportunity like this come up and anyone regardless of education, where you come from etc have 100% equal opportunity Stories like this will continue to bring people in seeking hope.

commented another user.

While none of those positions is new per se, legions of people “seeking hope” or easy money will not fade as long as there are Airdrops. Speaking of Airdrops, here are more details on Jupiter’s event.

JUP Airdrop Details

The Jupiter (JUP) crypto airdrop on Solana distributed 1 billion JUP tokens on Jan. 31, 2024. This airdrop is part of Jupiter’s broader strategy to distribute 40% of its total JUP supply across four rounds to its community—the first round targets nearly 1 million early users of the platform.

Jupiter crypto has gained significant traction in the DeFi space, with a reported $3.7 billion transaction volume in November 2023 alone. It started as a liquidity aggregator for token swaps and has expanded its offerings to include GMX-style perpetual futures.

The platform is also planning to launch a decentralized stablecoin, SUSD. The latter aims to offer a more decentralized alternative to existing stablecoins like Circle (USDC) and Tether (USDT). Solana liquid staking tokens (LSTs) will back the interest-free loans. To qualify for the first airdrop, wallets had to interact with Jupiter directly before Nov 2, 2023, making it one of the largest airdrops.

Also, Jupiter(JUP) crypto scored a major listing on Binance on Jan 31, propelling the coin’s future prospects.