The Jupuary airdrop might sound like a massive gift, but let’s be real, stakers are the ones paying for it. Adding 700 million tokens, half the current circulating supply, in one go is huge, and it’s going to hit staking rewards hard.
First off, JUP is already inflationary, and the ASR rewards we get now are just enough to balance that. This airdrop will dilute staking rewards because they’ll be spread across way more tokens. Staking is one of the main reasons people hold JUP, so if those rewards drop too much, it could hurt the system long-term.
Second, this idea that burning 30 percent of the supply that is uncirculating balances things out doesn’t hold up. The tokens being burned aren’t in circulation, so it won’t affect the price. It just makes the supply shock a bit smaller, but it’s still not bullish at all.
Also, Jupuary might bring in new users, but what does that actually do for stakers? Most of those new people won’t hold or stake; they’ll just sell their airdropped tokens. The real winners here are the team, not long-term supporters.
There’s also the uncertainty factor. When people don’t know what’s coming, they hesitate, whether it’s buying, staking, or holding. This kind of uncertainty causes hesitation, which is bad for trust in the ecosystem. And let’s face it, stability in token value is what actually builds trust, not massive airdrops.
And the whales? They’re already leaving because they can’t risk what’s about to happen. You can see it on the charts. This also means fewer people voting against Jupuary because those who really don’t want it to happen have already sold.
But I have to give major props to Meow and the team for putting a 70% quorum on this vote. That’s a smart move to make sure this decision reflects the majority’s interest and not just a small group. It’s a great way to ensure that everyone has a voice in something as big as this.
I don’t think this is the right way to grow. Instead of dropping a ton of tokens, we could focus on rewarding the people who are actually loyal and engaged. Fee reductions for active traders, referral bonuses, or activity-based challenges are all better ways to grow the ecosystem sustainably.
Look at what Bonk did, burning tokens when people actually contributed to the community. That’s how you grow organically, by rewarding real engagement and belief in the project. Airdrops like this, on the other hand, just inflate supply and hope for the best. We could take a page from their playbook and focus on driving growth through meaningful rewards rather than hoping more tokens equals more value.
Finally, my biggest issue: what happens after Jupuary? With so many new tokens in circulation, staking rewards will drop a lot. That’s a huge problem because staking is such a big reason for holding JUP in the first place. Sure, we could launch a new ASR program, but that just adds even more uncertainty.
I’m not trying to spread FUD, I still fully believe in the platform and what we’re building here. I just think this airdrop has some major risks that aren’t being talked about enough. If anyone shares my views or has counterarguments, I’d love to hear them.
