$MET: the breakout is real—but the next test is supply absorption. �
Price is ~$0.365 after a ~34.5% 24h surge; futures volume is ~$74.6M and OI ~$31.2M. �
Bull case: MET reclaimed the ~$0.29 Sep-11 range high; the 24h high is ~$0.3633. �
Fundamentals are substantial: ~$304.9M TVL, $25.3M 30d fees and $6.90B 30d DEX volume. �
The overlooked risk: 7.12M MET (~0.71% of total supply) unlocks today, with similar monthly unlocks scheduled. �
Bear case: the move is now extended, and sustained demand must absorb recurring emissions rather than one-off momentum. �
Tokenomics are unusually important here: Meteora’s IR page lists 48% circulating and 52% non-circulating, while market providers report ~546–552M circulating. �
30-day view: constructive above ~$0.29; a sustained loss of that level would expose ~$0.219–$0.201 support. �
3–12 months: fundamentals support the thesis, but token value capture and continued fee growth need to keep validating the repricing. �
Invalidation: failure to hold the breakout zone after the unlock would weaken the current structure materially.
Question: can MET hold above $0.29 while absorbing the new supply, or was this repricing mainly catalyst-driven?#MEY #AIStocksWhatNext #DogecoinRises15% #Cropty #Meteora
Price is ~$0.365 after a ~34.5% 24h surge; futures volume is ~$74.6M and OI ~$31.2M. �
Bull case: MET reclaimed the ~$0.29 Sep-11 range high; the 24h high is ~$0.3633. �
Fundamentals are substantial: ~$304.9M TVL, $25.3M 30d fees and $6.90B 30d DEX volume. �
The overlooked risk: 7.12M MET (~0.71% of total supply) unlocks today, with similar monthly unlocks scheduled. �
Bear case: the move is now extended, and sustained demand must absorb recurring emissions rather than one-off momentum. �
Tokenomics are unusually important here: Meteora’s IR page lists 48% circulating and 52% non-circulating, while market providers report ~546–552M circulating. �
30-day view: constructive above ~$0.29; a sustained loss of that level would expose ~$0.219–$0.201 support. �
3–12 months: fundamentals support the thesis, but token value capture and continued fee growth need to keep validating the repricing. �
Invalidation: failure to hold the breakout zone after the unlock would weaken the current structure materially.
Question: can MET hold above $0.29 while absorbing the new supply, or was this repricing mainly catalyst-driven?#MEY #AIStocksWhatNext #DogecoinRises15% #Cropty #Meteora
