About Meteora (MET)

What is Meteora (MET) and why does this coin matter?

Meteora is a Solana-native liquidity protocol built around dynamic market-making tools. It’s basically the layer that helps other crypto apps on Solana move liquidity where it’s needed, rather than letting it sit idle. And that’s the quiet part people sometimes miss: MET isn’t just a token; it’s tied to infrastructure that keeps a lot of trading activity running smoothly.

How does the MET token actually function inside the ecosystem?

MET blends governance and utility. Holders vote on parameters and shape how incentives flow, but the token also sits at the center of liquidity programs and bonding-curve launches. You might say it’s a coordination instrument more than a speculative play. In practice, much of Solana’s on-chain routing eventually brushes against systems Meteora supports.

What’s the supply structure and who gets the token?

There’s a 1B fixed supply. The split goes to the Ecosystem Reserve (34%), Team (18%), Mercurial Stakeholders (15%), LP Stimulus (15%), Mercurial Reserve (5%), and then smaller 2–3% buckets for CEX & MM support, Jupiter Stakers, Launchpool contributors, M3M3 holders, and off-chain builders. It’s a wide spread. Community allocations unlocked upfront, while long-term lines sit mostly with the reserve and team.

How do vesting and unlocks work over time?

Most user-facing categories unlocked completely on day one. It felt abrupt, but—arguably—it gave the coin a clean distribution from the start. The slower drip comes from the Team and Ecosystem Reserve allocations, which unlock gradually over several years. Only a tiny slice has vested so far, and the rest keeps releasing on a predictable schedule.

How did the airdrop and points system really operate?

Instead of a classic token sale, Meteora leaned heavily on points and engagement loops: LP Stimulus seasons, launchpool-related activity, creator medals, early contributor roles, things like that. Eligible users could claim MET directly or convert their share into Liquidity Distributor NFTs. The whole setup rewarded usage and persistence more than speculation, though it took people a minute to understand the rules.

What’s known about fundraising for the project?

There’s a single recorded round labeled Binance Alpha from late October 2025, without disclosed price or funds raised. That’s pretty lean. It fits the pattern: Meteora hasn’t marketed itself as a capital-heavy, VC-led project but rather one that grew through community incentives and liquidity participation rather than big usd raises.

Where can MET be traded and what are the usual pairs?

The token shows up on the major CEX lineup—Binance, Bybit, OKX, Coinbase, Gate.io, KuCoin—and of course on Solana’s DEX routes through Jupiter. MET/USDT is the anchor pair almost everywhere. On-chain traders route through pools that often sit on Meteora’s own infrastructure, so liquidity tends to be fairly deep even when markets get jumpy.

What’s the general direction of the roadmap from here?

After launch, the team kept things practical: expanding Dynamic Bonding Curves, refining vault mechanics, weaving deeper into Solana apps, and gradually shifting more decision power to MET holders. Cross-chain ideas exist, but not as a front-and-center promise. The feeling is slow, compounding improvements rather than headline-chasing.

Are there any meaningful risks with MET or the protocol?

Sure—some technical, some social. Dynamic systems introduce more complexity, which always widens the surface for edge-case exploits. Governance concentration is another angle, especially when certain groups hold meaningful shares. And regulatory pressure around token-based liquidity programs isn’t exactly going away. None of this is unusual for DeFi, but it’s not trivial either.