Jupiter JUP Airdrop: Balanced Proposal for Jupuary 2025

[JUPWhale]

Hey guidebee this is cool data!

We knew this in general, but not in specifics.

I don’t think 35.19% is a lot actually. It means ~ 65% of users at the $10M+ level are non-bots.

@JUPWhale

• $10M+ tier²: 30M JUP / 4,422 users = 6,784 JUP per user

That means:

• 4,422 users x 0.3519% = 1556 bots
• 4,422 users x 0.6481% = 2866 humans (non-bots)

I’ll end this with a quote from the Jupuary airdrop announcement from last year by Meow (reposted by Soju).

@0xSoju

3. Stable/xSOL-SOL/Bot volume were more significant at the highest levels

One interesting observation was that stable/xSOL-SOL/bot volume was far higher at the highest levels. For example, the 2 wallets that did >500M in volume were purely arb traffic. While our share of user volume has greatly increased over time, arb bots consisted of a fairly large volume, especially early on in the cycle.

To be clear, there are many kinds of bots, and many of them play an important part in the liquidity ecosystem, so this is an observation to open up the conversation about whether to differentiate between these volumes.