Meteora’s MET token debuts on October 23, with almost about 48% of its 1 billion provide coming into circulation. What’s going to its FDV be?
- Meteora is distributing 480 million MET tokens (48% of provide) via an airdrop to customers and companions.
- The Solana-primarily based exclusively DEX commands 26% of network shopping and selling volume and generates around $3.9 million in day-to-day charges — eight conditions higher than Raydium.
- Polymarket merchants discover a fifty three% probability of a $1B FDV one day post-birth, but many are concerned that the massive token float would possibly perchance perhaps trigger early promoting power despite steady performance metrics.
Meteora’s TGE is discipline for October 23, with the MET token confirmed to checklist on predominant exchanges including OKX and Bitget, alongside lots of Solana-native launchpads. The debut marks one in all the most anticipated Solana ecosystem launches of the year, with almost about 48% of the complete 1 billion MET provide — or 480 million tokens — coming into circulation at birth.
Meteora is taking a neighborhood-first technique to the starting up, airdropping MET to eligible customers, including Lickety-split Finance stakeholders, Meteora liquidity suppliers, JUP stakers, and accomplice launchpad contributors. Recipients can either preserve their tokens unlocked or provide liquidity in Meteora’s dynamic AMM swimming pools to maintain shopping and selling charges.
About Meteora
For context, Meteora became constructed by the crew at the again of Jupiter, Solana’s largest DEX aggregator. It became born from the remnants of Lickety-split Finance, which became harm down following the FTX crumple. To revitalize the protocol, the crew created Meteora in 2023, promising to compensate legacy Lickety-split customers thru MET token distribution.
According to prognosis by @0xashensoul, Meteora for the time being commands 26% of Solana’s DEX market part, generating roughly $3.9 million in day-to-day shopping and selling charges — eight conditions higher than Raydium’s $466,000. Its TVL stands at around $829 million.
Meteora FDV one day after birth: Is $1B a gradual bet?
With this form of high-profile conducting launching a token, speculation is intensifying over Meteora’s FDV after birth. Polymarket reveals that merchants are leaning toward a valuation between $750 million and $1 billion one day after birth.
As of October 22, Polymarket merchants are assigning a 98% probability that Meteora’s FDV will exceed $500 million, an 86% probability this would possibly perchance perhaps high $750 million, and a fifty three% probability this would possibly perchance perhaps surpass $1 billion. Expectations drop sharply previous that change, with most efficient 6% making a bet on a $2 billion valuation and much less than 2% on anything above $4 billion.
The prevailing sentiment within the neighborhood is that Meteora’s greatest discipline lies within the circulating provide being too massive. As @0xashensoul summed it up:
“Meteora fundamentals are robust, generating 8 conditions extra charges than Raydium, which helps a top class valuation. Nonetheless, the 48% token unlock on day one is unprecedented for a Solana birth. This massive prompt provide will seemingly motive major promoting power. Thats why i mediate the most efficient possibility-adjusted bets are YES on $750M and NO on $2B+, leveraging the disconnect between robust fundamentals and unprecedented 48% float dangers.”
