The market continues its recovery from the plunge that took place last week and is currently stable above the $1.7 trillion mark in terms of total capitalization. This comes on the back of increases in Bitcoin’s price, a massive airdrop, as well as a proper performance from some major altcoins.

Starting with Bitcoin – managed to push past the $43K level and even attempted a shot at $44K but came short. This puts BTC at an increase of slightly less than 5% for the past seven days, which marks yet another week of recovery.

Market participants are eager to find out whether the next few weeks will see the bull run continue or if there is more pain ahead.

It was another event that took center stage this week, however.

We’re talking about the Jupiter airdrop on Solana, of course. JUP was airdropped to users who had traded on the platform before November last year. The token currently sits at around $0.63 and has a total market capitalization of $850 million. In essence, it trades at a fully diluted valuation upwards of $6 billion, which makes it one of the most successful airdrops in crypto history.