Since the original $MET thesis:
• $10M USDC buyback announced at Met Dhabi (2.3% total $MET supply acquired in Q4)
• Introduction of Comet Points, linking staking with product usage
• https://t.co/dA3fXRtjZe breakout, routing launchpad activity through Meteora’s DBC
Since the original $MET thesis:
• $10M USDC buyback announced at Met Dhabi (2.3% total $MET supply acquired in Q4)
• Introduction of Comet Points, linking staking with product usage
• https://t.co/dA3fXRtjZe breakout, routing launchpad activity through Meteora’s DBC
Market response is beginning to reflect fundamentals.
$MET is up ~30% as participants connect https://t.co/dA3fXRtROM growth, Meteora’s fee capture, and the activation of buybacks. Meteora remains well positioned as capital rotates back into infrastructure.
1/ LONG $MET
Fundamental mispricing in Solana DEX infrastructure:
⭐Generates higher revenue ($50M-$100M+ per year) than primary comp ($RAY) yet trades at ~50% FDV discount
⭐Two binary catalysts
Quick take on the setup 👇