Jupiter Prepares for Second $560M Airdrop as Solana-Based mostly DeFi Protocols Acquire Traction…

The chart reveals that JUP has discovered sturdy help within the $zero.65 – $zero.70 space. This has created a stable flooring that has already served as a stopping level for a number of declines up to now months.

Now, the falling wedge may quickly be resolved. If the $zero.65 help space holds, a short-term uptick for JUP could be customary.

In the meantime, if the wedge experiences a bullish breakout that pushes the token above the $zero.85 mark, this might be interpreted as a purchase sign as it might additionally lead to a break of the 20-day easy transferring common (SMA).

The constructive momentum that the airdrop might be creating often is the vital catalyst for such a transfer.

Jupiter is the Largest Solana-Based mostly DeFi Protocol by TVL

This second token distribution occasion comes on the hills of the profitable airdrop that the Jupiter workforce carried out in January this yr when 1 billion tokens have been allotted to early adopters of the protocol.

In the meantime, a 3rd airdrop remains to be on the horizon and, in keeping with the growing workforce’s roadmap, it may happen someplace in 2026.