Jupiter’s JUP token rises 15% in anticipation of 200 million token airdrop – potential roadblocks ahead

The JUP token experienced a 15% increase as it prepares for a 200 million token airdrop. Active users will receive 175 million tokens, while stakers will obtain 25 million.

Currently priced at $0.2217, JUP’s trading volume surged to $63.64 million. However, resistance at $0.233, along with leveraged positions at $0.201, may limit further gains.