Following the success of the Solana-based JTO token airdrop that earned some participants over $21,000, an analyst cited ecosystems with similar lurking airdrop opportunities. Jito, the latest protocol making waves in the Solana ecosystem, garnered attention following its JTO token airdrop.
Last week, after the airdrop, where 10% of the total supply of 1 billion JTO tokens was distributed to eligible Solana users, the token experienced a remarkable trading volume of $1.13 billion within the first 24 hours.
Initially trading at $1.7, it quickly surged to $4.30, marking an impressive gain of over 250% during this period. Subsequently, the price retraced, and the token currently trades at $2.78.
Meanwhile, some crypto market participants gained substantial JTO tokens by previously staking small amounts of SOL. In particular, at least 9,000 users who interacted with and staked SOL received a minimum of 4,941 JTO tokens, amounting to over $21,200 at JTO’s peak value.
Amid this impressive outcome affording substantial wealth, prominent crypto analyst Miles Deutscher took to X to share a curated list of potential airdrop opportunities that could recreate the airdrop craze observed for the Solana project.
Solana airdrops have been the recent craze, after people made $15k+ from $JTO.
However, they’re starting to become saturated.
Now I’m turning my attention to these 3 UNDERRATED airdrop ecosystems.
I expect these to run the Solana playbook.
🧵: Here’s a FULL airdrop guide.👇
— Miles Deutscher (@milesdeutscher) December 16, 2023
In particular, Deutscher turned attention to three ecosystems he believes are largely underrated but wield potent airdrop opportunities. He stated they could run the Solana playbook. The first on the list was the Injective ecosystem, a layer-one blockchain supporting advanced DeFi applications.
According to Deutscher, the dynamic ecosystem surrounding Injective is still in its nascent phases, offering numerous prospects for airdrop enthusiasts. He added that similar to other ecosystems, coming Injective airdrops are reserved for stakers of its native token, INJ.
The second ecosystem was Celestia, a modular blockchain network with a native token, TIA. The analyst noted that early adopters will have many opportunities as many worthwhile protocols are built on Celestia.
Meanwhile, Aptos (APT) made Deutscher’s third point to look out for potential airdrops. He cited that following the recent triumph of Solana airdrops, non-EVM chains are becoming the new standard for airdrop enthusiasts.
He stated Aptos aligns seamlessly with this trend, given the presence of numerous dApps that have yet to release their tokens. According to him, this presents a compelling opportunity for those seeking airdrop incentives.
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