17 Year-Old Trader Cashes In $1 Million from $JUP Airdrop; $GFOX Set to Be Most Profitable Memecoin in 2024

Crypto is the wild frontier of finance – one of the only places where almost anything can happen. Token incentivization has proven to be an incredibly effective tool for obtaining and keeping users. Token owners become stakeholders; this financial incentive aligns their actions with the protocol’s end goals. Airdrops are a classic mechanism to reward early users, and one 17-year-old trader cashed in $1 million from the Jupiter ($JUP) airdrop.

Airdrops are a great way to earn in crypto, and part of Jupiter’s success has been the memecoin frenzy descending on Solana ($SOL). Galaxy Fox ($GFOX) is set to be the most profitable memecoin in 2024, and this nascent presale could print a rally that puts even $JUP’s recent performance to shame. $JUP and $GFOX, are these the top cryptos to buy right now?

Jupiter ($JUP): 17-Year-Old Makes A Seven-Figure Airdrop

Jupiter is Solana’s flagship DEX, and one teenager walked away with more than seven figures thanks to the recent airdrop. $JUP, generally hailed as one of the best cryptocurrencies to buy for anybody long-term bullish on Solana, airdropped its token $JUP to supporters. Anybody who had used the DEX to swap before November got an allocation, but how did this teenager walk away with a million dollars plus?

NotShort released a video on X explaining how he managed this feat, and many were blown away by how simple his tactics were. Every day, he used all five of Jupiter’s features, including spot trading, limit orders, the DCA function, perps, and the bridge.

This young man figured out an airdrop was coming and invested his time in creating a detailed on-chain user footprint. Airdrops are great wealth-creation tools, second only to presales, and this story has inspired many to replicate this process. Fair warning that the subsequent $JUP airdrops rounds will be nowhere near as lucrative now that the cat’s out of the bag.

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Galaxy Fox ($GFOX): 2024’s Hottest Memecoin

Galaxy Fox’s incredible trajectory indicates that it is on the way to becoming 2024’s most profitable memecoin. It is blazing through its presale. Already 96% sold out, with over 2.5 billion tokens sold, and the opportunity to join early is fading fast. Dubbed as one of the top cryptos to buy right now, this pioneer has introduced a memecoin with a killer tokenomics model and a P2E component.

Smart money has been driving $GFOX’s recent success, and these investors are sticklers for tokenomics. $GFOX has a deflationary supply due to the token burn. But where it shines is the taxation system. These taxes direct capital throughout the ecosystem to foster growth. Using these taxes to pay staking rewards means no inflationary emissions. Smart money knows what happens to price when growing demand chases a shrinking supply. 

These staking rewards unlock the potential to earn native yield on a deflationary asset. This dual flow of value accrual makes $GFOX a top-tier crypto for beginners who want to earn in a hands-off manner. This highly sophisticated economic model underpins Galaxy Fox’s memeable and viral space-themed exterior.

Despite its branding as a memecoin under the hood, this protocol boasts incredible tokenomics. Smart money is betting big, and analysts predict $GFOX will deliver 100X returns before Q4 this year.  

Closing Thoughts: Creating Wealth With Airdrops & Presales 

Crypto provides less capitalized investors fantastic opportunities to generate wealth. Airdrops are equivalent to stock options for start-up employees, and presales are the same as seed funding rounds, only available to accredited investors in TradFi. The top cryptos to buy right now are these new cycle disrupters like $JUP and $GFOX.

Anybody who missed the $JUP airdrop has another chance to be first in line with the Galaxy Fox presale. Set to be 2024’s most profitable memecoin, participating in the presale today can quickly turn a four-figure portfolio into six figures. 

Learn more about $GFOX here:

Visit Galaxy Fox Presale | Join the Community

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Rene Peters
Rene Peters

Rene Peters is editor-in-chief of CaptainAltcoin and is responsible for editorial planning and business development. After his training as an accountant, he studied diplomacy and economics and held various positions in one of the management consultancies and in couple of digital marketing agencies. He is particularly interested in the long-term implications of blockchain technology for politics, society and the economy.