Decentralized exchange Jupiter launched its JUP token yesterday, Wednesday, January 31. The free distribution of the token, an event called an airdrop, caused congestion on Solana and a curious bump and dump by mistake.

Jupiter's airdrop was valued at USD 700 million, thanks to the distribution of 1.35 billion JUP at an initial value of USD 0.40 per unit. During the day, the price of JUP reached USD 0.70. At the time of writing, the token is trading at USD 0.59.
The high volume of airdrop complaints from Jupiter users led to the Solana network having short-lived issues processing transactions. Commissions also felt the burden and doubled down; They went from 1,002 SOL in total on January 30 to 1,919 SOL the 31st, the day of the airdrop.
Other indices that also grew on Solana were the number of active wallets, which rose by 479,000 to 1.3 million; and token-linked accounts, at 566,000 and totaling 2.2 million. Both increments occurred within 24 hours, specifically on January 31, the launch date of JUP.