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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It seems someone made $1.17M in the $JUP #airdrop!
Wallet”7poJrJ” received an airdrop of 1.85M $JUP($1.17M) via ~9,246 wallets.
Then sold 1.4M $JUP($898K) at $0.6371 on #DEX, and deposited 121K $JUP($77K) to #Bybit and #MEXC.
The wallet has 319K $JUP($196K) left currently. pic.twitter.com/llz2fWYWJN
— Lookonchain (@lookonchain) February 1, 2024
it was slightly confusing sorry about that. the tokens is whatever it is in the DLMM pool. there is no extra selling whatsoever after 7 days.
— meow 🥧 (@weremeow) February 1, 2024
Airdrop