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Meteora’s $1 Billion Token Debuts Today with 48% of Supply Available—Follow the Notable Launch in Solana’s History
Solana’s DeFi ecosystem is experiencing its most contentious token launch to date. Meteora (MET), the protocol that oversees 26% of Solana’s DEX market share and $829 million in total value locked, is set to release 480 million tokens to the public without any vesting period.
This represents 48% of the total supply entering the market at once, breaking all norms in crypto tokenomics. Pre-market speculation on Polymarket indicates a fully diluted valuation between $750 million and $1 billion, but analysts caution that this extraordinary supply shock could lead to a 50-70% decline within hours—or demonstrate that innovative distribution models can indeed succeed.
Meteora generates $3.9 million in daily fees (eight times more than its competitor Raydium) and has handled $208.7 billion in cumulative volume since February 2023, marking this as one of the most notable token launches in Solana’s history.
The protocol’s “Liquidity Distributor” mechanism aims to mitigate the common airdrop sell-off; however, with nearly half the supply becoming available at once, the upcoming 24-48 hours will either confirm a new tokenomics model or result in one of the most dramatic failures in crypto.
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The post [LIVE] Meteora’s $1 Billion Token Launches TODAY With 48% Supply Unlocked—Track the Most Controversial Launch in Solana History appeared first on Cryptonews.
