MET (Meteora) fell 3.75% in the last 24 hours.

Gate News Bot News, October 31, according to CoinMarketCap data, as of the time of writing, MET (Meteora) is currently priced at $0.47, falling 3.75% in the last 24 hours, with a high of $0.58 and a low of $0.43. The current market capitalization is approximately $225 million, a decrease of $8.7775 million compared to yesterday.

Meteora is a project focused on building liquidity pools, providing services for liquidity providers, launchpads, and new projects. Its total locked value reaches 883 million USD, with a cumulative trading volume of 26.943 billion USD, generating fees of 1.52 billion USD. MET is the native token of Meteora and can be traded on a certain CEX.

Important news about MET recently:

1️⃣ Gate launches MET spot trading to enhance liquidity Gate will launch the MET/USDT spot trading pair on October 23, 2025, at 22:00 UTC+8 with the ID (. At the same time, the Gate instant exchange platform has added support for exchanging MET, allowing users to conduct one-click exchange transactions with over 2,200 other cryptocurrencies without any fees. These measures significantly enhance the liquidity and accessibility of MET, providing support for its price.

2️⃣ Meteora Points 1:1 Exchange for Official Tokens Meteora announced that points will be exchanged for official tokens at a ratio of 1:1, with a total issuance of 1 billion pieces. Gate has opened pre-market OTC trading, and all completed MET point pre-market OTC trading orders will be correspondingly converted into MET token orders, with the total order amount remaining unchanged. This move lays the foundation for the official launch of MET, increasing market attention and confidence in MET.

3️⃣ Large-scale airdrops trigger supply pressure in the market Meteora conducted a large-scale token airdrop, including airdropping $10 million worth of MET to an entity and $4.2 million worth of MET to addresses associated with the TRUMP team. These large-scale airdrops may lead to an increase in market supply in the short term, putting some downward pressure on the price of MET.

From a technical perspective, the price of MET has experienced significant fluctuations recently, reaching a high of $0.90 before falling back. Currently, the price has stabilized around $0.47, indicating that the market is digesting the effects of the previous volatility. On the fundamental side, the total locked value and cumulative trading volume of the Meteora platform have shown strong performance, providing a solid foundation for the long-term development of MET. However, large-scale airdrops and increased market supply may continue to exert pressure on short-term prices.

This message is not intended as investment advice; investors should be aware of market volatility risks.