#MET is up 50.42% today, trading at 0.467. It’s gained 47.65% in 7 days, 134.10% in 30 days, 189.37% in 90 days, and 242.03% in 180 days—the chart looks like it’s riding a rocket. It’s up 85.62% year to date, but down 23% over the past year, making this a violent rebound from the bottom.
The long/short ratio is fascinating: retail traders are at 0.79, large traders at 1.12, and OKX is only at 0.44. Everyone’s trying to short the top, but the price keeps climbing—a classic short squeeze. The liquidation data is even wilder: $1.646 million in short positions got liquidated in 24 hours, versus just $882,700 in longs. The bears got absolutely wrecked.
If it can hold above 0.46, the next target is the round-number level at 0.5. Meteora is a rising DeFi star in the Solana ecosystem, riding the recovery in on-chain activity. The short-term rally has been too steep, so don’t chase it—wait for a pullback near 0.4 before reassessing. With coins pumping this hard, take profits and get out; don’t get greedy.