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Jupiter Sets Date for JUP Airdrop, Teasing Meme Token Debut

Jupiter Finally Announces Airdrop Dates

DeFi activity has seen a considerable surge on the Solana blockchain since early December. Primary contributors to this surge have been meme coins, the Jito airdrop, and SOL’s surging price. Now, Solana-based DeFi-aggregator Jupiter has officially announced a launch date and time for its JUP token airdrop. The airdrop will deliver one billion JUP tokens into the wallets of Solana DeFi users and will commence on the 31st of January 2024 at 10:00 AM EST, according to an announcement made by the DeFi aggregator’s pseudo-anonymous founder, Meow.

“WEN: 31st of January 10 AM EST On the 1st of January, we outlined the main areas of work as we aim to get to launch. We have been right on schedule executing on all these, and we are happy to share that JUP will launch on 31st of January, 10 AM EST.”

According to an announcement by Jupiter, nearly a million crypto wallets are eligible to receive funds through the JUP airdrop. Last month, the DeFi platform released a tool allowing DeFi users to check how much JUP they are eligible to receive once the airdrop is live.

#breakingnews #spotlight #Altcoins #solona

Crypto Fear And Greed Index Turns “Neutral” Following Spot Bitcoin (BTC) ETF Approvals

Crypto market sentiment has turned “neutral” for the first time since October 2023. According to the ‘Crypto Fear and Greed Index,” sentiments turned “neutral” following almost three months in the “greed” phase. 

The Crypto Fear and Greed Index, an indicator of crypto market sentiment, has entered the “neutral” phase after spending three months in “greed.” The recorded change in market sentiment comes just days after the SEC greenlit 11 spot bitcoin exchange-traded funds in the US. 

Investors Are Feeling Neutral After Months Of Greed

The Crypto Fear and Greed Index, an indicator of crypto market sentiment, entered the “neutral” phase on Monday after being in “greed” since mid-October 2023. The index, aimed at managing emotional behaviour in the crypto market, is a handy tool to gauge investor sentiment. At the time of reporting, the Index measured 52.

On the one end of the index is “extreme fear”, which indicates investors are worried about the market and signals a good buying opportunity. It logically follows that when investors feel greedy, the market is due for a correction. The index shows market sentiment on a meter from 0 to 100. Zero indicated “extreme fear”, while 100 indicates “extreme greed.”

The index calculates market sentiment by gathering data from various sources, including volatility (25%), market momentum or volume (25%), social media (15%), dominance (10%), and trends (10%). The index also includes surveys as a data source but has suspended this data source for the time being.

Investors have been greedy over the past three months in anticipation of regulatory shifts and the long-awaited spot BTC ETF approval. According to the index’s historical values, the index indicated a 67 – a rather greedy score. Approaching the deadline for the SEC’s approval of the first spot BTC ETF in the US, investors turned even more greedy last week, with the index recording 71

#cryptomarket #breakingnews #cryptodaily