Jito Airdrop Stuns
Solana airdrop season did not come to play games. The heavily anticipated JTO token from Solana-native liquid staking protocol Jito launched this morning. Disciples of the Bankless Airdrop Hunter woke up with thousands of dollars worth of the new token; some claimants are walking away with 6-figure airdrops 🤑
At a fully diluted valuation (FDV) of $2B, Jito, a protocol some describe as the baby of Ethereum heavyweights Lido and Flashbots, is on the verge of persistently flipping the former of these parentals, valued at $2.5B, as it did during the illiquid opening minutes of its launch.
Some more data on JTO airdrop..
— jay (@0xjaypeg) December 7, 2023
- Assuming you could sell at $2.15..
- Every qualifying wallet got *atleast* a 5 fig airdrop
- 299 wallets got > 50K
- 68 wallets got a 6 fig airdrop
- Top 10 wallets received 225K
If you qualified for the airdrop and aren't already, go follow…
Holders of freshly airdropped tokens have enjoyed strong post-launch gains over the past month. Recipients of Solana-native oracle network Pyth’s airdrop are up 50% in just two weeks, and those who held the airdrop of modular data availability layer Celestia’s TIA are still experiencing gains after last month’s 5x increase!
Could the same radical run-up be in the cards for JTO?
From invigorated Solana community members on Twitter fighting tooth and nail to defend their values to a SOL token up nearly 600% this year to the wealth effects being generated by Solana airdrop season, it appears the Solana ecosystem is experiencing radical rebirth everywhere you look.
While further upside is certainly no guarantee, the Solana ecosystem (and its associated tokens) appear to have momentum in their favor.