Meteora's MET leads trending tokens after debut

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Meteora's MET leads trending tokens after debut

Cryptobriefing2025/10/24 07:36

By:Cryptobriefing

Key Takeaways

$MET, native token of Meteora, is the top trending token following its recent debut and airdrop.
Meteora is a Solana-based protocol focusing on liquidity distribution and offers NFTs for automated positions.

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$MET, the native token of Meteora, a Solana-based liquidity protocol, leads trending tokens today following its recent debut, according to CoinGecko. $PENGU and $ASTER, the token of Aster DEX, a decentralized exchange formed from a merger, are trending close behind.

Meteora recently completed an airdrop and exchange listings for $MET, which enables users to earn fees through liquidity distribution mechanisms. The protocol offers features like Position NFTs for auto-managed liquidity stakes.

$MET’s launch coincided with heightened activity in the Solana ecosystem, including integrations with platforms like Jupiter for enhanced liquidity.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

After the largest liquidation in history on October 11, market liquidity took a severe hit, with reports suggesting that many mid- and long-tail market makers suffered heavy losses. Consequently, it may take considerable time for liquidity conditions to normalize. The mass liquidation was primarily triggered by Trump's announcement of a 100% tariff hike on China, followed by a chain reaction from the USDe depegging incident. As a result, the market has likely entered oversold territory.

Bitget•2025/10/24 10:26