MET (Meteora) fell 34.40% in the last 24 hours.

Gate News Bot message, on October 24, according to CoinMarketCap data, as of the time of writing, MET (Meteora) is currently priced at $0.59, down 34.40% in the last 24 hours, with a high of $0.90 and a low of $0.51. The 24-hour volume reached $101 million. The current market capitalization is approximately $283 million, a decrease of $149 million compared to yesterday.

Meteora is a platform focused on building liquidity pools, providing services for liquidity providers, launchpads, and new projects. Its total locked value reaches $883 million, with a cumulative volume of $26.943 billion, generating $1.520 billion in fees. Meteora has launched the MET token and offers various types of liquidity pools such as dynamic AMM v2 pools and dynamic AMM pools to support LPs, token issuance, and launchpads.

Important recent news about MET:

1️⃣ Massive airdrops create supply pressure in the market Meteora conducted a large-scale token airdrop, with one entity claiming MET worth $10 million, of which two associated wallets received $7 million and $2 million respectively. Additionally, three addresses related to the TRUMP team received airdrops of MET worth $4.2 million. These large-scale airdrops may lead to an increase in market supply in the short term, putting downward pressure on the price of MET.

2️⃣ Gate launches MET spot trading to enhance liquidity Gate will launch the MET/USDT spot trading pair on October 23, 2025, at 22:00 ( UTC+8. At the same time, the Gate instant exchange platform has added support for the exchange of MET, allowing users to make one-click exchange trades with over 2,200 other cryptocurrencies without any fees. These measures are expected to enhance the liquidity and accessibility of MET, potentially having a positive impact on its price.

3️⃣ Meteora points 1:1 exchange for official tokens Meteora announced that points will be exchanged for formal tokens at a ratio of 1:1, with a total issuance of 1 billion pieces. Gate has opened pre-market OTC trading, and all completed MET point pre-market OTC trading orders will be converted into MET token orders, with the total order amount remaining unchanged. This move lays the foundation for the official launch of MET and may increase market attention on MET.

From a technical perspective, the MET price has experienced significant fluctuations in the short term, reaching a high of 0.90 USD and a low of 0.51 USD within 24 hours, reflecting a large divergence in market pricing for the token. On the fundamental side, the total locked value and cumulative volume of the Meteora platform have shown strong performance, but large-scale airdrops may exert pressure on the short-term price.

This message does not constitute investment advice, and investors should be aware of market volatility risks.