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Here's how the Jito airdrop benefited Solana

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Jito, the Solana[SOL]-based DeFi platform, kicked off its anticipated airdrop on 7th December, putting some $225 million worth of free tokens in the wallets of Solana users around the world.

The airdrop started with JTO tokens priced at $6.01, but quickly dropped 58% to $2.50. Platforms like CoinMarketCap and Coinbase showed less initial volatility, suggesting varying opening prices.

Solana users have already claimed over 54 million of the 90 million JTO tokens available in the airdrop. Eligible claimants include JitoSOL holders, Solana validators running Jito MEV clients, and users of Jito’s MEV services.

Despite some discontent among big Solana investors, arguing the airdrop didn’t favor large transactions, others see it as a positive move for the broader Solana DeFi community.

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As per Santiment’s findings, JTO and its recent airdrop have consistently ranked among the trending tokens on various platforms, including X, Reddit, Telegram, and 4Chan.

🗣️ $JTO and its new airdrop has been atop our trending tokens list, according to data on #X, #Reddit, #Telegram, & #4Chan. Additionally, #Bitcoin is seeing a variety of discussions about its future, and several other assets are seeing #FOMO due to pumps. https://t.co/zOAJGKilQu pic.twitter.com/KliLJPkur8

— Santiment (@santimentfeed) December 8, 2023

This attention could mean more interest and activity on Solana. If more people get involved, it might boost Solana’s reputation and make it even more popular in the cryptocurrency world.

However, how the airdrop is received and whether it benefits the community could influence how people see Solana. Overall, it has the potential to bring positive attention to Solana, but the impact will depend on how users and the wider community react.

Due to this hype, in the last 24 hours, Solana accounted for 70% of the decentralized exchange (DEX) volume compared to Ethereum.

This high activity suggests increased usage and trust in Solana’s decentralized platforms. It could attract more developers and users to Solana, fostering a vibrant ecosystem.

Read Solana’s [SOL] Price Prediction 2024-2025

With a growing reputation for efficiency and lower transaction fees, Solana’s strong performance in DEX volume showcases its potential to become a preferred choice for decentralized trading, potentially drawing more attention and investments to the Solana network.

Holy smokes. Solana did 70% of Ethereum's DEX volume over the past 24 hours. pic.twitter.com/KFMGQGE1U5

— Patrick Scott | Dynamo DeFi (@Dynamo_Patrick) December 8, 2023

The growing attention around Solana caused the price to skyrocket. At press time, SOL was trading at $71.11 and in the last 24 hours, it grew by 12.42%.

Source: Santiment

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Source

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  • 08.10.23 01:30 davec8080

    The "Shibarium for this confirmed rug pull is a BEP-20 project not related at all to Shibarium, SHIB, BONE or LEASH. The Plot Thickens. Someone posted the actual transactions!!!! https://bscscan.com/tx/0xa846ea0367c89c3f0bbfcc221cceea4c90d8f56ead2eb479d4cee41c75e02c97 It seems the article is true!!!! And it's also FUD. Let me explain. Check this link: https://bscscan.com/token/0x5a752c9fe3520522ea88f37a41c3ddd97c022c2f So there really is a "Shibarium" token. And somebody did a rug pull with it. CONFIRMED. But the "Shibarium" token for this confirmed rug pull is a BEP-20 project not related at all to Shibarium, SHIB, BONE or LEASH.

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  • 23.09.24 18:56 matthewshimself

    At first, I was admittedly skeptical about Worldcoin (ref: https://worldcoin.org/blog/worldcoin/this-is-worldcoin-video-explainer-series), particularly around the use of biometric data and the WLD token as a reward mechanism for it. However, after following the project closer, I’ve come to appreciate the broader vision and see the value in the underlying tech behind it. The concept of Proof of Personhood (ref: https://worldcoin.org/blog/worldcoin/proof-of-personhood-what-it-is-why-its-needed) has definitely caught my attention, and does seem like a crucial step towards tackling growing issues like bots, deepfakes, and identity fraud. Sam Altman’s vision is nothing short of ambitious, but I do think he & Alex Blania have the chops to realize it as mainstay in the global economy.

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  • 02.10.24 22:27 Emily Hunter

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  • 31.10.24 00:13 ytre89

    Can those who have fallen victim to fraud get their money back? Yes, you might be able to get back what was taken from you if you fell prey to a fraud from an unregulated investing platform or any other scam, but only if you report it to the relevant authorities. With the right plan and supporting documentation, you can get back what you've lost. Most likely, the individuals in control of these unregulated platforms would attempt to convince you that what happened to your money was a sad accident when, in fact, it was a highly skilled heist. You should be aware that there are resources out there to help you if you or someone you know has experienced one of these circumstances. Do a search using (deftrecoup (.) c o m). Do not let the perpetrators of this hoaxes get away with ruining you mentally and financially.

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  • 12.11.24 00:50 TERESA

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  • 17.11.24 09:31 Vivianlocke223

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  • 21.11.24 08:02 Emily Hunter

    If I hadn't found a review online and filed a complaint via email to support@deftrecoup. com , the people behind this unregulated scheme would have gotten away with leaving me in financial ruins. It was truly the most difficult period of my life.

  • 22.11.24 04:41 [email protected]

    I never could have imagined the nightmare of losing access to my digital wallet. All of my cryptocurrency holdings were abruptly imprisoned, inaccessible, and appeared to be lost forever following a catastrophic hardware breakdown. Years of meticulous investment and careful saving were reduced to nothing more than strings of code that I could no longer control, and I could feel the dread and sorrow that swept through me at that very instant. Thankfully, during my worst moment, I came into (TRUST GEEKS HACK EXPERT), a professional service devoted to recovering lost or inaccessible digital data. With optimism, I went out to their team of skilled technologists, laying bare the full nature of my issue. What followed was a laborious, multi-step process that required an almost surgical level of digital forensics and Bitcoin skill. In order to create a thorough profile of my wallet's contents and activities, the (TRUST GEEKS HACK EXPERT) team first thoroughly examined the transaction history and metadata connected to it. Next, they implemented a series of advanced recovery techniques, using cutting-edge software tools to bypass the access barriers that had left me locked out. The entire process was shrouded in secrecy and discretion, with the (TRUST GEEKS HACK EXPERT) team working tirelessly to protect the confidentiality of my sensitive financial information. After what felt like an eternity of nervous anticipation, the day finally arrived when I received the triumphant notification – my wallet had been successfully restored, and all of my precious digital assets had been returned to my control. The sense of relief was indescribable, as I could finally breathe easy knowing that the fruits of my financial discipline had been safeguarded. While the experience of losing access to my wallet was undoubtedly traumatic, (TRUST GEEKS HACK EXPERT) intervention allowed me to emerge from the ordeal with my cryptocurrency holdings intact, and a renewed appreciation for the importance of proactive digital asset management. You can contact Them through EMAIL: [email protected] - TELEGRAM: TRUSTGEEKSHACKEXPERT

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  • 24.11.24 02:21 [email protected]

    I never could have imagined the nightmare of losing access to my digital wallet. All of my cryptocurrency holdings were abruptly imprisoned, inaccessible, and appeared to be lost forever following a catastrophic hardware breakdown. Years of meticulous investment and careful saving were reduced to nothing more than strings of code that I could no longer control, and I could feel the dread and sorrow that swept through me at that very instant. Thankfully, during my worst moment, I came into (TRUST GEEKS HACK EXPERT), a professional service devoted to recovering lost or inaccessible digital data. With optimism, I went out to their team of skilled technologists, laying bare the full nature of my issue. What followed was a laborious, multi-step process that required an almost surgical level of digital forensics and Bitcoin skill. In order to create a thorough profile of my wallet's contents and activities, the (TRUST GEEKS HACK EXPERT) team first thoroughly examined the transaction history and metadata connected to it. Next, they implemented a series of advanced recovery techniques, using cutting-edge software tools to bypass the access barriers that had left me locked out. The entire process was shrouded in secrecy and discretion, with the (TRUST GEEKS HACK EXPERT) team working tirelessly to protect the confidentiality of my sensitive financial information. After what felt like an eternity of nervous anticipation, the day finally arrived when I received the triumphant notification – my wallet had been successfully restored, and all of my precious digital assets had been returned to my control. The sense of relief was indescribable, as I could finally breathe easy knowing that the fruits of my financial discipline had been safeguarded. While the experience of losing access to my wallet was undoubtedly traumatic, (TRUST GEEKS HACK EXPERT) intervention allowed me to emerge from the ordeal with my cryptocurrency holdings intact, and a renewed appreciation for the importance of proactive digital asset management. You can contact Them through EMAIL: [email protected] - TELEGRAM: TRUSTGEEKSHACKEXPERT

  • 25.11.24 02:19 briankennedy

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  • 26.11.24 21:59 [email protected]

    In a world brimming with enticing investment opportunities, it is crucial to tread carefully. The rise of digital currencies has attracted many eager investors, but along with this excitement lurk deceitful characters ready to exploit the unsuspecting. I learned this lesson the hard way, and I want to share my story in the hopes that it can save someone from making the same mistakes I did. It all began innocently enough when I came across an engaging individual on Facebook. Lured in by promises of high returns in the cryptocurrency market, I felt the electric thrill of potential wealth coursing through me. Initial investments returned some profits, and that exhilarating taste of success fueled my ambition. Encouraged by a meager withdrawal, I decided to commit even more funds. This was the moment I let my guard down, blinded by greed. As time went on, the red flags started to multiply. The moment I tried to withdraw my earnings, a cascade of unreasonable fees appeared like a thick mist, obscuring the truth. “Just a little more,” they said, “Just until the next phase.” I watched my hard-earned money slip through my fingers as I scraped together every last cent to pay those relentless fees. My trust had become my downfall. In the end, I lost not just a significant amount of cash, but my peace of mind about $1.1 million vanished into the abyss of false promises and hollow guarantees. But despair birthed hope. After a cascade of letdowns, I enlisted the help of KAY-NINE CYBER SERVICES, a team that specializes in reclaiming lost funds from scams. Amazingly, they worked tirelessly to piece together what had been ripped away, providing me with honest guidance when I felt utterly defeated. Their expertise in navigating the treacherous waters of crypto recovery was a lifeline I desperately needed. To anyone reading this, please let my story serve as a warning. High returns often come wrapped in the guise of deception. Protect your investments, scrutinize every opportunity, and trust your instincts. Remember, the allure of quick riches can lead you straight to heartbreak, but with cautious determination and support, it is possible to begin healing from such devastating loss. Stay informed, stay vigilant, and may you choose your investment paths wisely. Email: kaynine @ cyberservices . com

  • 26.11.24 23:12 rickrobinson8

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  • 26.11.24 23:12 rickrobinson8

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  • 27.11.24 00:39 [email protected]

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  • 27.11.24 09:10 Michal Novotny

    The biggest issue with cryptocurrency is that it is unregulated, wh ich is why different people can come up with different fake stories all the time, and it is unfortunate that platforms like Facebook and others only care about the money they make from them through ads. I saw an ad on Facebook for Cointiger and fell into the scam, losing over $30,000. I reported it to Facebook, but they did nothing until I discovered deftrecoup . c o m from a crypto community; they retrieved approximately 95% of the total amount I lost.

  • 01.12.24 17:21 KollanderMurdasanu

    REACH OUT TO THEM WhatsApp + 156 172 63 697 Telegram (@)Techcyberforc We were in quite a bit of distress. The thrill of our crypto investments, which had once sparked excitement in our lives, was slowly turning into anxiety when my husband pointed out unusual withdrawal issues. At first, we brushed it off as minor glitches, but the situation escalated when we found ourselves facing login re-validation requests that essentially locked us out of our crypto wallet—despite entering the correct credentials. Frustrated and anxious, we sought advice from a few friends, only to hit a wall of uncertainty. Turning to the vast expanse of the internet felt daunting, but in doing so, we stumbled upon TECH CYBER FORCE RECOVERY. I approached them with a mix of skepticism and hope; after all, my understanding of these technical matters was quite limited. Yet, from our very first interaction, it was clear that they were the experts we desperately needed. They walked us through the intricacies of the recovery process, patiently explaining each mechanism—even if some of it went over my head, their reassurance was calming. Our responsibility was simple: to provide the correct information to prove our ownership of the crypto account, and thankfully, we remained on point in our responses. in a timely fashion, TECH CYBER FORCE RECOVERY delivered on their promises, addressing all our withdrawal and access issues exactly when they said they would. The relief we felt was immense, and the integrity they displayed made me confident in fully recommending their services. If you ever find yourself in a similar predicament with your crypto investments, I wholeheartedly suggest reaching out to them. You can connect with TECH CYBER FORCE RECOVERY through their contact details for assistance and valuable guidance. Remember, hope is only a reach away!

  • 02.12.24 23:02 ytre89

    Online crypto investment can seem like a promising opportunity, but it's crucial to recognize that there are no guarantees. My experience serves as a stark reminder of this reality. I was drawn in by the allure of high returns and the persuasive marketing tactics employed by various brokers. Their polished presentations and testimonials made it seem easy to profit from cryptocurrency trading. Everything appeared to be legitimate. I received enticing messages about the potential for substantial gains, and the brokers seemed knowledgeable and professional. Driven by excitement and the fear of missing out, I invested a significant amount of my savings. The promise of quick profits overshadowed the red flags I should have noticed. I trusted these brokers without conducting proper research, which was a major mistake. As time went on, I realized that the promised returns were nothing but illusions. My attempts to withdraw funds were met with endless excuses and delays. It became painfully clear that I had fallen victim. The reality hit hard: my hard-earned money was gone, I lost my peace of mind and sanity. In my desperation, I sought help from a company called DEFTRECOUP. That was the turning point for me as I had a good conversation and eventually filed a complaint via DEFTRECOUP COM. They were quite delicate and ensured I got out of the most difficult situation of my life in one piece.

  • 04.12.24 22:24 andreygagloev

    When I first heard about Bitcoin back in 2018, I was skeptical. The idea of a decentralized, digital currency seemed too good to be true. But I was intrigued as I learned more about the technology behind it and its potential. I started small, investing just a few hundred dollars, dipping my toes into the cryptocurrency waters. At first, it was exhilarating to watch the value of my investment grow exponentially. I felt like I was part of the future, an early adopter of this revolutionary new asset. But that euphoria was short-lived. One day, I logged into my digital wallet only to find it empty - my Bitcoin had vanished without a trace. It turned out that the online exchange I had trusted had been hacked, and my funds were stolen. I was devastated, both financially and emotionally. All the potential I had seen in Bitcoin was tainted by the harsh reality that with decentralization came a lack of regulation and oversight. My hard-earned money was gone, lost to the ether of the digital world. This experience taught me a painful lesson about the price of trust in the uncharted territory of cryptocurrency. While the technology holds incredible promise, the risks can be catastrophic if you don't approach it with extreme caution. My Bitcoin investment gamble had failed, and I was left to pick up the pieces, wiser but poorer for having placed my faith in the wrong hands. My sincere appreciation goes to MUYERN TRUST HACKER. You are my hero in recovering my lost funds. Send a direct m a i l ( muyerntrusted ( @ ) mail-me ( . )c o m ) or message on whats app : + 1 ( 4-4-0 ) ( 3 -3 -5 ) ( 0-2-0-5 )

  • 12.12.24 00:35 amandagregory

    HOW TO HIRE A HACKER TO RECOVER STOLEN BITCOIN WITH FASTFUND RECOVERY

  • 12.12.24 00:35 amandagregory

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  • 19.12.24 17:07 rebeccabenjamin

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