MET#322solana
Meteora
METvsvVRapdj9cFLzq4Tr43xK4tAjQfwX76z3n6mWQL
Where to buy MET
Trade Meteora on a supported exchange.
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Risk signals
Key risks surfaced in review. See Risks & controversies below for the sourced detail.
- Protocol treasury lossMedium
Meteora lost $1.5 million to an OTC scammer during a MET buyback after spending $1 million.
- Class-action lawsuitHigh
A lawsuit in U.S. District Court accuses the protocol and co-founder of pump-and-dump schemes defrauding investors of at least $57 million.
- Insider trading allegationsHigh
Co-founder and former CEO Ben Chow resigned amid insider trading allegations linked to the LIBRA memecoin collapse.
- Large unvested TGE supplyMedium
48% of the 1 billion MET supply entered circulation at TGE with no vesting across multiple stakeholder categories.
- Post-lawsuit airdropMedium
A $4.2 million MET airdrop went to Trump-linked addresses hours after the class-action lawsuit filing.
Meteora wiki
First drafts are compiled automatically from public and primary sources, with every claim cited. Anyone can propose edits, and every change is reviewed against primary sources before it goes live.
Background
Updated by Tokenica
Meteora is a Solana-based decentralized exchange and liquidity infrastructure protocol that provides dynamic liquidity pools, including DLMM, DAMM, and Dynamic Vaults, for liquidity providers, launchpads, and token launches. The project maintains legacy products such as earlier DAMM v1 and farms alongside current offerings. The MET token, with contract address METvsvVRapdj9cFLzq4Tr43xK4tAjQfwX76z3n6mWQL and total supply of 1 billion, serves as the protocol's governance and utility token, supporting voting on upgrades, staking, and fee-sharing; it was distributed via TGE on October 23, 2025, with allocations including to Mercurial stakeholders under the Phoenix Rising Plan.
Risks & controversies
Updated by Tokenica
Meteora disclosed in its Q1 2026 Token Holder Report that it lost $1.5 million to an OTC scammer during an attempt to buy back MET tokens, after spending $1 million on approximately 7 million tokens. Co-founder and former CEO Ben Chow resigned earlier amid allegations of insider trading linked to the LIBRA memecoin collapse; a class-action lawsuit filed in the U.S. District Court for the Southern District of New York accuses him and the protocol of orchestrating pump-and-dump schemes across multiple tokens that defrauded investors of at least $57 million using celebrity endorsements. The same period saw a $4.2 million MET airdrop to addresses linked to the Trump team hours after the lawsuit filing, as reported by multiple outlets including The Defiant and Yahoo Finance.
Team
Updated by Tokenica
- Ben ChowCo-founder, Former CEO
- Zhen Hoe YongCo-founder, Project Lead / co-lead
- SojuCo-lead
Tokenomics
Updated by Tokenica
MET has a total and max supply of 1 billion tokens. At the October 23, 2025 TGE, 48% (480 million) entered circulation with no vesting: 15% to Mercurial stakeholders, 5% Mercurial reserve, 15% LP Stimulus Plan, 3% launchpads/launchpool ecosystem, 3% Jupiter stakers, 3% CEX/market makers, 2% off-chain contributors, and 2% M3M3 stakeholders. The remaining 52% consists of an 18% team allocation and 34% ecosystem reserve, both subject to six-year linear vesting. The design includes no continuous inflation or emissions schedule beyond potential reserve incentives, with no burns or additional locks documented in the official Phoenix Rising Plan.
Timeline
Updated by Tokenica
- 2021Mercurial Finance Launched on SolanaThe project launched in 2021 as Mercurial Finance, a stablecoin-focused AMM protocol on Solana.
- Feb 2023Rebrand from Mercurial to MeteoraMercurial transitioned to Meteora in February 2023 following a December 2022 announcement to distance from FTX associations.
- Oct 8, 2025MET Tokenomics and Phoenix Rising Plan AnnouncedMeteora detailed MET tokenomics under the Phoenix Rising Plan, allocating 48% supply to circulate at launch.
- Oct 23, 2025MET Token Generation Event and LaunchThe MET token launched via TGE with 48% of the 1 billion supply circulating, distributed via airdrop and liquidity options.
- Nov 2025MET Listed on Binance ExchangeMeteora's MET token was listed for trading on Binance, expanding accessibility beyond Solana DEX.
Products
Updated by Tokenica
- Dynamic Liquidity Market Maker enabling concentrated liquidity across custom price bins with dynamic fees and zero slippage swaps.
- Dynamic Automated Market Maker v2 providing configurable constant-product pools with compounding or concentrated liquidity, dynamic fees, and launch protections.
- Configurable bonding curve mechanism for token launches with fee schedulers, rate limiters, migration to DAMM pools, and Token 2022 support.
- Auto-rebalancing vaults that allocate idle LP capital across Solana lending protocols to optimize yields.
- Launch protection vaults integrated with DAMM pools to mitigate sniping and manage liquidity during token launches.
- Fee vaults allowing users to stake LP tokens and earn trading fees from associated pools.
- Presale VaultVault infrastructure supporting presale and launch liquidity management for projects.
Links
Updated by Tokenica
- officialWebsite
- docsDocs
- githubGitHub
- twitterTwitter
- discordDiscord
- officialApp
- officialGovernance
- officialTGE Portal