Jito Airdrops $225 Million in JTO Tokens to Solana Users Amid Controversy and DDoS Attack

Over 54 million of the 90 million tokens have already been claimed, with some Solana whales expressing dissatisfaction over the distribution mechanics.

• Jito, a Solana-based DeFi platform, has airdropped $225 million worth of JTO tokens to its users, with the token debuting at a price of $6.01, according to CoinGecko.
• The airdrop has already been claimed by over 54 million of the 90 million JTO tokens up for grabs, with JitoSOL holders, Solana validators running Jito MEV clients, and users of Jito’s MEV services all eligible to claim tokens.
• Some Solana whales have expressed dissatisfaction that the airdrop did not proportionally enrich those who transacted massive sums on Jito, arguing that the airdrop’s mechanics skewed to benefit users holding lesser amounts of JitoSOL.
• Jito's website experienced a Distributed Denial-of-Service (DDoS) attack on the day of the airdrop, slowing the site to a halt.
• Jito's airdrop follows last month's Pyth Network (PYTH) airdrop, and the next airdrop for Solana may come from DeFi platform Jupiter.

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