Scammers are sending fake $CJUP tokens to Solana wallets, impersonating Jupiter Exchange’s Jupuary airdrop to trick users into connecting wallets to a drainer site.
The scheme exploits familiarity with Jupiter’s legitimate annual token distributions, which have sent over $1 billion in JUP to users since 2024.
Anyone receiving unsolicited tokens should avoid interacting with them and verify claims only through jup.ag.
Analysts at Solana Floor have sounded the alarm after a fraudulent airdrop impersonating Jupiter Exchange came on its radar earlier today. The warning from the blockchain analytics outlet noted that the phishing campaign targets Solana users with the promise of a fake airdrop, luring them into connecting their wallets to a malicious asset-draining site.
According to Solana Floor, one of the first red flags from the scam is that it distributes tokens labeled “$CJUP” directly into user wallets, a knockoff version of Jupiter’s JUP token and the project’s legitimate Jupuary airdrop program.
Anyone who interacts with the fake aidrop promoters is directed to a phishing site that functions as a wallet drainer. As Kaspersky describes it, a “crypto drainer is designed to (quickly) empty crypto wallets automatically by siphoning off either all or just the most valuable assets they contain, and placing them into the drainer operators’ wallets.”
Is Jupiter running an airdrop right now?
The Jupiter community usually runs hot in the weeks and months leading up to the project’s annual Jupuary airdrops, because they always come up in the month of January since at least 2024. That’s why some community members may be conditioned to expect periodic token distributions.
However, the exchange has not announced any active distribution for May 2026.
The Solana-based decentralized exchange aggregator distributed 1 billion JUP tokens to nearly 1 million wallets in 2024. The second round in January 2025 sent 700 million JUP tokens worth approximately $616 million to eligible users, according to reports.
Proposed changes to Jupuary airdrop are confusing users
The timing exploits ongoing uncertainty around JUP’s airdrop schedule. In February 2026, Jupiter DAO opened a governance vote on whether to cancel future Jupuary events entirely and adopt a zero-emission token model, Cryptopolitan reported at the time.
The proposal offered two paths: continue with a reduced 200 million JUP distribution or return 700 million prepared tokens to the Community Cold Multisig wallet and halt team emissions indefinitely.
Separately, Jupiter faced backlash in January 2026 when it required users to import seed phrases into the Jupiter wallet to claim ASR staking rewards, a requirement the exchange later walked back after community pushback, according to Cryptopolitan reporting.
That episode primed users to associate unusual claim processes with legitimate Jupiter activity.
