With the market tanking like this, $MET went against the trend and rallied. On Binance, it closed up 6.35% on the daily chart on 11/09, hitting an intraday high of $0.3428. It was up 18.7% over 7 days, making it the strongest performer in the DeFi sector that day. Let’s do the math: $10,000 invested at the 11/08 close of $0.3023 would have become $10,635 by the 11/09 close—or $11,340 if sold at the intraday high. Those who bought the dip at the 11/07 low of $0.2745 were sitting on nearly 25% unrealized gains at the 11/09 high. But don’t get carried away: it’s still down 24% over 30 days. The current price is $0.3164, with a market cap of just $178 million—still about half its all-time high of $0.6869. Meteora is a DEX providing liquidity in the Solana ecosystem, and people really are using it. But rallies in small-cap tokens can come and go fast, so before chasing the price, take a look at that big red candle from late October on the chart. #Meteora
