The Solana Floor team today warned against a fake airdrop campaign imitating the Jupiter exchange. Experts who examined blockchain data explained that this fraud attempt, which targets Solana users and directs them to link their wallets, may result in the loss of the entire balance.
How the scam works: Trap with fake $CJUP tokens
In the statement made by Solana Floor, it was stated that fraudsters imitated the original JUP token and sent fake tokens called ‘$CJUP’ to wallets. This non-existent token exploits the name of Jupiter’s official Jupuary airdrop program and the popularity of the project. When users click on the link to take advantage of the airdrop, they are directed to a phishing site where their assets can be quickly drained.
Solana Floor said, “Scammers impersonate Jupiter Exchange, sending fake $CJUP to wallets and redirecting users to malicious sites. Be careful.” he emphasized.
Mini dictionary: Wallet drainer is the concept used for malware that automatically transfers the entire balance or most valuable assets in crypto wallets to third parties. It comes into play when users connect their wallets to malicious sites, causing loss of funds.
Is Jupiter’s airdrop program active now?
The Jupiter community is accustomed to regular token distribution, especially thanks to the traditional Jupuary airdrops held in January. It was reported that 1 billion JUP was distributed in January 2024 and approximately 700 million JUP in January 2025, and the total value of the tokens distributed in this round reached 616 million dollars.
However, the exchange has not announced any new airdrop programs as of May 2026. Many users may be preparing for a new distribution due to the influence of past campaigns, but since no official announcement has been made, it is emphasized that any airdrop proposal during this period carries the risk of fraud.
Jupiter also has an official control area at jup.ag for current distributions and future ownership inquiries.
| Period | JUP distributed (million) | Value ($million) |
|---|---|---|
| January 2024 | 1,000 | unknown |
| January 2025 | 700 | 616 |
| May 2026 | 0 | 0 |
Airdrop calendar and governance processes create confusion
A proposal put to vote on the Jupiter DAO in February 2026 brought into question whether the current Jupuary airdrop tradition should be continued or the token distribution should be terminated altogether. Within the scope of the proposal, either continuing a more limited distribution (200 million JUP) or returning 700 million tokens to the community fund and switching to a new token model was brought to the agenda.
Apart from this, the procedure that asked users for seed phrases (wallet backup) when requesting staking rewards in January 2026 received intense reaction and was withdrawn in a short time. These examples lead to a psychology that perceives unusual demands and processes within the community as “official”.
How to distinguish official Jupiter token and fake versions?
‘$CJUP’ distributed in fake airdrop campaigns is completely unrealistic; The official Jupiter token has the code ‘$JUP’ and its contract address is openly shared with Phantom on CoinMarketCap. Experts warn that airdrop notifications asking for any token to be “claimed” from an external site should never be trusted.
Jupiter’s real airdrop applications can only be made through jup.ag. The $JUP price is currently $0.22, according to CoinMarketCap data; Its market capitalization is at $721 million, far from the peak of $2.04 in January 2024.
