An airdrop farmer receives over $1 million dollars from mining Jupiter tokens (JUP)
JUP exchange , the latest Solana defi project had an initial coin offerings to users who are ready to mine the JUP token before it was launched.
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JUP creator “weremeow”,also the creator of WEN airdrop, offered $700 million to the token initiative and early supporters.
On initial offering, a participant farmed the JUP token with 9,246 Solana wallet addresses, and received 1.85 million tokens
These tokens were approximately worth 1.17 million dollars which he deposited $77,000 of it to CEX , Bybit and Mexc and held 319,000 JUP tokens worth $196,000 on-chain
According to lookchain analysis, this user amounted to 1% of eligible wallets for the token airdrop.
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In effects, the price of JUP drop to 63% after the airdrop distribution and pump scheme. But this lucky farmer was still up in millions despite the dump.
According to JUP creator, Weremeow, a massive dump will weaken the project future.
Airdrop
