Meteora Price Crash Recovery & $MET Airdrop Update
The Meteora price crash has shocked investors, with rumors of a potential scam surrounding the $MET airdrop launch.
The Meteora airdrop was highly anticipated on the Solana blockchain, but the project's value plummeted by around 35% just hours after its launch on October 24, 2025.
Investors are now questioning the legitimacy of the project, wondering if it's a genuine decentralized exchange (DEX) or another crypto pump-and-dump scheme.
Meteora is a DEX built on the Solana blockchain, designed to make DeFi trading faster, safer, and more flexible, with strong tokenomics that garnered significant attention.
- The token began trading on Jupiter, Moonshot, Phantom, Binance Alpha, and OKX Wallet.
- It later listed on Bybit and OKX CEX at 2 PM UTC.
- The token's initial price was $0.6904, but it crashed to $0.5783 and eventually settled near $0.571.
No official statement has been released regarding the price crash and its impact on the project's future.
Author's summary: Meteora's price crash sparks concerns about its legitimacy.
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