JUP TOKEN SOARS AFTER MASSIVE $700M JUPITER AIRDROP TO SOLANA WALLETS

Summary from the TLDR Crypto newsletter

Jupiter successfully distributed about $700m of its JUP token to nearly a million wallets in one of the largest token airdrops in recent history. The JUP token quickly shot up to $0.72 after launching at $0.41. Despite a heavy load on the chain, Solana's network remained stable, defying the expectations of some skeptics. Some users experienced difficulties in the early stages of the airdrop due to overwhelmed RPC nodes.