Jupiter Airdrop Round 2 (2025): Analysis, Discussion & Proposal for Distribution

[JUPWhale]

This has already been discussed in the comments above, it would only reward 1% of users, leaving out 99% of users and up to 90% of legitimate users. It’s not an option considering the 10X+ growth of Jupiter.

@JUPWhale

It’s logical of you to think about this as an option, and I have definitely thought about it. When looking more into the idea you discover that it doesn’t make much sense considering the radically changed user base and landscape.

In the previous round there was a total of ~ 955,000 users with just ~ 150,000 users in the $1,000 - $10,000 tier, 50,000 users in the $10,000 - $100,000 tier, 10,000 users in the $100,000 - $1M tier and just 2,000 users in the $1M+ tier.

Now we have 15.247.000 total wallets of which a total of 2,302,067 users are in the previously mentioned volume tiers. What you’re proposing would only reward the 1% of users who did ~ $100K - $20M+ volume, leaving out nearly ~ 99% of all users and ~ 90% of significant volume users from receiving the JUP airdrop.

Using the same rewards as in round 1 would only reward whales and power users as the 1% of users in the tiers of top 2000 users and the following 10,000 users, 50,000 users and 150,000 users. According to our script (source), it would require more than $100,000+ in trading volume to make the cut of the top 212,000 users, which includes the lowest adjusted volume-based tier which used to require just $1,000+. One would need more than $23 Million+ USD of trading volume to reach the highest tier of the top 2000 users.

This idea, although good to have thought about, ends up being bad for the community. It would only reward the top 1% with an airdrop, leaving out the remaining 99% of users.

About your other point:

@MegaB1973

I’m making the point that the proposal as you have set out, plays right into airdrop farmers hands.

Applying a minimum volume requirement of $100+ would make ~ 3.9M users (source) instead of 15.25M wallets. This effectively weeds out around ~ 11.3 Million low quality spam users / bots and airdrop farmers.

Further deduplication and anti-Sybil needs to also be applied by the team. That’s why it’s a proposal for adjusted volume-based tiers.