Jump Crypto received an airdrop of 9,284,890 LIT, equivalent to approximately $24.2 million.
TL;DR
Jump Crypto received a 9.28 million LIT airdrop worth $24.2 million, representing 0.93% of total supply and 3.72% of circulating supply, likely as rewards for market-making activities.
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[Jump Crypto Receives 9,284,890 LIT Airdrop, Equivalent to Approximately $24.2 Million] According to Mars Finance, on December 31st, MLM monitoring showed that Jump Crypto received an airdrop of 9,284,890 LIT (approximately $24.2 million). Jump Crypto began market making on Lighter in mid-November. Of these 9,284,890 LIT, 323,956.6 LIT were distributed to newly created wallets, likely representing direct rewards from its market-making activities. This means that Jump effectively became a market maker on the exchange for 9,284,890 LIT. This amount represents approximately 0.93% of the total token supply and approximately 3.72% of the circulating supply.