Analysis of MET Token Airdrop and LP Model Launch
Key Points
Meteora (MET) will conduct its Token Generation Event (TGE) on October 23, 2025 , using an innovative limited partner liquidity distribution mechanism with an initial pool price starting at $0.50 . This is a significant token launch within the Solana ecosystem, reinventing the liquidity provision model through its "Phoenix Rebirth Plan."
Airdrop Distribution Details
Allocation Mechanism
- Total airdrop : 15% of total supply (150 million MET tokens)
- Distribution method : Points-based LP incentive program to reward active liquidity providers
- Eligibility Check : Open for inquiry on October 16, 2025, 20:00 UTC+8
Main distribution targets
| Assignment Object | Proportion | Quantity (million MET) | Distribution Mechanism |
|---|---|---|---|
| Mercurial (MER) holders | 20% | 200 | Based on February 2023 snapshot |
| Meteora users (LP incentives) | 15% | 150 | Points system, reward fee generation and TVL contribution |
| Jupiter (JUP) Stakers | 3% | 30 | Time-weighted (January-September 2025) |
| Startup Pool Ecosystem | 3% | 30 | Token issuance integration |
| CEX and Market Makers | 3% | 30 | Listing support |
Liquidity distribution innovation
- Liquidity Distributor NFT : 10% of the total supply (100 million MET) is distributed to the MET/USDC pool in the form of NFT
- Instant fee income : NFT holders automatically receive transaction fees without manual management
- First come, first served : 7% of the supply is open for FCFS registration, and 3% is automatically allocated to JUP stakers
LP mode start (DAMM v2)
Technical characteristics
DAMM v2 , Meteora's advanced LP model, has the following innovative features:
- One-sided liquidity : supports only initial deposit of MET tokens
- Dynamic Fee Scheduling : Automatically adjust fees based on volatility (0.01%-1% base fee)
- NFT positions : Liquidity positions exist in the form of NFTs, which are easy to transfer and manage
- Anti-sniping tool : 50% higher fees in the first minute, then decay as planned
Startup pool mechanism
- Price range : $0.50 - $7.50 (corresponding to $500 million - $7.5 billion FDV)
- Liquidity distribution : Spanning 15 price ranges, reducing the risk of Impermanent Loss
- Fee Optimization : At $1.127, only ~4.5% of positions were converted to USDC
Analysis of the current status of the agreement
Liquidity data
- Current TVL : $866.9 million (DeFiLlama data)
- Monthly Growth : TVL fluctuated between September 16th and October 16th, peaking at $897 million.
- DLMM Dominance : ~74% of TVL is concentrated in DLMM pools, focusing on centralized liquidity
Trading activities
- 24-hour trading volume : $1.544 billion (+28% daily growth)
- Major trading pairs : TRUMP-USDC ($290.6 million TVL), SOL-USDC, etc.
- User activity : approximately 50,000 daily active users, highly integrated with Jupiter aggregator
Fee income performance
The protocol has demonstrated stable fee generation capabilities over the past month, with 24-hour fee revenue reaching $3.91 million and annualized revenue exceeding $900 million.
Market sentiment and community response
Positive feedback
- Recognition of innovative mechanisms : The community generally appreciates the anti-dumping design through LP positions rather than direct token distribution
- Ecosystem integration : Deep integration with platforms such as Jupiter and Moonshot has been well received
- Transparency : 48% of tokens are fully circulated at the TGE, avoiding the low circulation/high FDV trap
Strategy Discussion
- LP vs. Direct Claim : Users weigh the trade-off between earning LP fees and selling directly
- Risk Assessment : In-depth Analysis of Impermanent Loss vs. Cost-Benefits
- Long-term vision : The "LP Corps" concept gains community support and emphasizes sustainability
Technical Analysis and Price Expectations
Derivatives Market
Open interest reached $7.31 million, a 24-hour increase of 31.5%, indicating the market's high attention to MET and demand for leverage.
Liquidation risk analysis
The liquidation chart shows that there is a lot of long liquidation risk in the $1.05-$1.19 range, providing strong support for this price.
Key price
| type | price | strength | in accordance with |
|---|---|---|---|
| support | $0.50 | powerful | Starting price of the startup pool, psychological support |
| support | $1.05 | middle | Cumulative liquidation clusters |
| resistance | $1.43 | powerful | Technical resistance level |
| resistance | $7.50 | Very strong | Startup pool upper limit |
Investment Key Points and Risk Warnings
Core Advantages
- Innovative distribution mechanism : reducing selling pressure through LP NFT
- Strong technical foundation : DLMM and DAMM v2 provide efficient liquidity solutions
- Ecosystem integration : Deep collaboration with major DeFi protocols on Solana
- Transparent token economics : 48% immediate circulation, team tokens locked for 6 years
Key risks
- Market volatility : memecoin-dominated pools are susceptible to speculation
- Impermanent Loss : LP participants face price volatility risk
- Competitive Pressure : The Solana DEX ecosystem is highly competitive
- Technical risk : Market acceptance of the new mechanism remains to be verified
in conclusion
Meteora's MET token launch represents a significant innovation in DeFi token distribution, balancing liquidity provision and selling pressure through a limited partner mechanism starting at $0.50. The protocol's robust TVL ($867 million) and trading volume ($1.544 billion daily) provide fundamental support for the token's value.
For investors, this project offers a unique opportunity to participate in the growth of the Solana DeFi ecosystem, but careful evaluation of the risk-return ratio of the LP strategy is required. It is recommended to pay attention to the actual market performance and liquidity depth changes after the TGE on October 23rd.