As a result of the Solana liquid staking protocol airdropping 160 million JTO tokens, users of DeFi are celebrating windfalls in the five-figure range.
Earlier this morning, Jito, the most prominent liquid staking protocol on the Solana blockchain, introduced its much-anticipated JTO governance token with a fully diluted value of more than $2 billion.
Users of Solana DeFi were overjoyed to learn that they were qualified to collect a minimum of 4,941 JTO, which was worth approximately $10,000 at the time this article was written. One hundred individuals were able to get the airdrop for the top tier, which is worth a staggering two hundred and ten thousand dollars.
Jito allotted over 80 million tokens for the airdrop. The completely diluted valuation of the project quickly eclipsed that of Lido, the foremost Ethereum liquid staking project and the largest DeFi protocol, with $21.7 billion in total value locked in. This occurred at the time of the debut of the project.
On the other hand, JTO is presently trading at an FDV of $1.8 billion, indicating that it is heading downward as airdrop recipients pay out.