Pray, dear reader, mark your calendars for the 23rd of October, when Meteora’s MET token shall make its grand entrance into society. With nearly 48% of its 1 billion tokens circulating at once, one cannot help but wonder: what shall its FDV be? A matter of great import, indeed! 🌪️✨
- Meteora, in a gesture most generous (or so they claim), shall distribute 480 million MET tokens (48% of the supply) via an airdrop to its esteemed users and partners. How kind! 🧑🤝🧑💨
- This Solana-based DEX, with its 26% command of network trading volume, generates a most impressive $3.9 million in daily fees-eight times that of Raydium! A triumph, or so it seems. 📈💰
- Polymarket traders, ever the speculators, see a 53% chance of a $1B FDV one day post-launch. Yet, some fret that this vast token float may provoke early selling pressure, despite such solid performance metrics. Oh, the drama! 😱📉
The TGE, scheduled for October 23, shall see the MET token listed on such esteemed exchanges as OKX and Bitget, alongside several Solana-native launchpads. A most anticipated event in the Solana ecosystem, with 480 million tokens entering circulation at once. Quite the splash! 🌊🚀
Meteora, ever the champion of community, takes a “community-first” approach, airdropping tokens to eligible users, including Mercurial Finance stakeholders, Meteora liquidity providers, JUP stakers, and partner launchpad participants. Recipients may hold their tokens or provide liquidity in Meteora’s dynamic AMM pools to earn trading fees. How very enterprising! 🤝💼
A Brief History of Meteora
For context, dear reader, Meteora was crafted by the same minds behind Jupiter, Solana’s largest DEX aggregator. It arose from the ashes of Mercurial Finance, which met its demise following the FTX collapse. To revive the protocol, the team created Meteora in 2023, promising to compensate legacy Mercurial users through MET token distribution. A tale of resilience, if ever there was one! 🌟🔥
According to the astute analysis of @0xashensoul, Meteora currently commands 26% of Solana’s DEX market share, generating roughly $3.9 million in daily trading fees-eight times more than Raydium’s $466,000. Its TVL stands at a respectable $829 million. Impressive, is it not? 📊💎
Meteora’s FDV: A Billion-Dollar Question? 💭💲
With such a high-profile launch, speculation abounds regarding Meteora’s FDV post-launch. Polymarket traders lean toward a valuation between $750 million and $1 billion one day after launch. Quite the gamble! 🎲📈
As of October 22, these traders assign a 98% probability that Meteora’s FDV will exceed $500 million, an 86% chance it will top $750 million, and a 53% chance it will surpass $1 billion. Expectations falter beyond that, with only 6% betting on a $2 billion valuation and less than 2% on anything above $4 billion. Oh, the fickleness of the market! 😓📉
The general sentiment, dear reader, is that Meteora’s greatest challenge lies in its circulating supply being rather… ample. As @0xashensoul so eloquently put it:
“Meteora’s fundamentals are strong, generating eight times more fees than Raydium, which supports a premium valuation. However, the 48% token unlock on day one is unprecedented for a Solana launch. This large immediate supply will likely cause significant selling pressure. That is why I believe the best risk-adjusted bets are YES on $750M and NO on $2B+, leveraging the disconnect between strong fundamentals and the risks of such a substantial float.” 🧐⚖️
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2025-10-22 11:04