How does Jupiter’s JUP token supply work?
JUP has a capped total supply set at its January 2024 launch. Airdrops and unlocks move tokens into circulation, and DAO burns can cut the total.
Vahe HakobyanEditor-in-chief
Updated Oct 6, 20262 min readFact-checked
On this page
- Solana explorers show total supply for the JUP mint.
- Allocation covers community, team, investors, and treasury.
- Vesting dates control team and investor unlocks.
Trace JUP supply by reading Jupiter's token plan, following releases, and checking governance. You need the JUP mint address and the release schedule.
What to know before you start
Jupiter is a Solana trading platform, and JUP is its token. JUP launched in January 2024 with a capped total supply and no mining. Find the JUP mint address on a Solana explorer for total supply. Subtract locked amounts for circulating supply.
How to trace JUP supply step by step
Jupiter's token plan sets where the capped supply goes and when each part moves. Follow it in order.
- 1Read the allocation.The plan divides the capped supply among the community, team, investors, and DAO treasury.
- 2Follow community releases.Airdrops and staking rewards come from the community allocation and move JUP into circulation.
- 3Watch DAO emissions.Jupiter's DAO has voted on community releases since 2024; a passed vote frees tokens into circulation.
- 4Read the vesting schedule.Team and investor tokens unlock on dates set at launch, adding to circulating supply.
What to check after tracing supply
Governance can shrink the supply. In 2024, a DAO vote burned team JUP, removing those tokens from the mint. A burn cuts total supply, while an unlock changes circulating supply.
Frequently asked questions
Total supply includes locked JUP; circulating supply counts only tokens free to trade.
JUP's mint authority is not active, so new JUP is not minted; changes come from releases and burns.
Jupuary is Jupiter's periodic community distribution. It moves existing JUP into circulation, so the total stays the same.
The vesting contracts release those tokens on dates set at launch.
