Jupiter token to begin trading on exchanges today

The native token of Jupiter, a decentralized exchange aggregator on Solana, will go live today, and will be available for trading on centralized exchanges shortly after.

Centralized exchanges – including Bybit, Binance, Bitfinex, and OKX, among others – have already listed the token and will begin trading, expected after 10am EST.

The pseudonymous founder of the project, Meow, said Jupiter has also created its own liquidity pool, with tokens initially available for $0.40 – in line with the pool’s price curve.

There will be 1.35 billion tokens in circulation, which accounts for 13.5% of the total supply of 10 billion tokens.

Once the token is activated, Jupiter will also open its retrospective airdrop, which will reward users who have traded at least $1,000 on the platform before November 2. The airdrop targets 955,000 wallet addresses – but from now on less than 670,000 have claimed their tokens.

Pre-launch market

While the official distribution of the JUP token is taking place today, trading of the coin is a pre-launch perpetual derivative Aevo has been available for some time. Currently, JUP’s Aevo pre-market price is $0.66, giving it a fully diluted market cap of $6.6 billion.

Jupiter is the largest decentralized exchange aggregator on Solana by volume and consolidates the liquidity of several DEXs on the network. It has a trading volume of more than 600 million dollars in the last 24 hours.