$MET
$0.3581 +30.08%
Catalyst
30-day fees hit $20.3M, with $1.03M collected in the last 24 hours. Active addresses climbed past 151,706 and transactions reached 4.19M. TGE is confirmed for October 23. Bithumb and Upbit listings are live.
Token Unlock Today
September 23 unlock released 7.39M MET (1.3% of circulating supply) to the Meteora Ecosystem Reserve. Current circulating supply is 550.7M out of 1B total (55.07%). Team and Ecosystem Reserve tokens vest linearly over 6 years with a 1-month cliff.
Key Levels
Resistance: $0.3643 (24h high) → $0.3728 → $0.40
Support: $0.3148 (MA7) → $0.2773 (MA25) → $0.2333 (MA99)
My Take
The fee revenue is real and verifiable on DefiLlama. Active addresses and transactions are climbing. But spot netflow is still net positive at $474K after $2.56M of selling — meaning profit-taking is happening, not accumulation. The rally is driven by perpetual positioning and fee headlines, not spot absorption.
The unlock today is small at 1.3% of circulating. TGE on October 23 is the real event. The question is whether fee revenue holds after reward campaigns end. If spot netflow flips negative while addresses stay above 150K, the next leg is real. If not, this is a reward-campaign trade that already paid out.
Do not chase the +30% candle. Wait for spot outflows to confirm accumulation.
$0.3581 +30.08%
Catalyst
30-day fees hit $20.3M, with $1.03M collected in the last 24 hours. Active addresses climbed past 151,706 and transactions reached 4.19M. TGE is confirmed for October 23. Bithumb and Upbit listings are live.
Token Unlock Today
September 23 unlock released 7.39M MET (1.3% of circulating supply) to the Meteora Ecosystem Reserve. Current circulating supply is 550.7M out of 1B total (55.07%). Team and Ecosystem Reserve tokens vest linearly over 6 years with a 1-month cliff.
Key Levels
Resistance: $0.3643 (24h high) → $0.3728 → $0.40
Support: $0.3148 (MA7) → $0.2773 (MA25) → $0.2333 (MA99)
My Take
The fee revenue is real and verifiable on DefiLlama. Active addresses and transactions are climbing. But spot netflow is still net positive at $474K after $2.56M of selling — meaning profit-taking is happening, not accumulation. The rally is driven by perpetual positioning and fee headlines, not spot absorption.
The unlock today is small at 1.3% of circulating. TGE on October 23 is the real event. The question is whether fee revenue holds after reward campaigns end. If spot netflow flips negative while addresses stay above 150K, the next leg is real. If not, this is a reward-campaign trade that already paid out.
Do not chase the +30% candle. Wait for spot outflows to confirm accumulation.
