Meteora Readies October 23 MET Token Launch with 48% Initial Circulating Supply

Meteora AG, a prominent Solana-based decentralized finance (DeFi) liquidity protocol, is set to launch its native MET token on October 23, 2025, with 48% of the total supply entering initial circulation. The announcement, detailed in a recent "Lightspeed" podcast episode featuring @0xSoju and @realdezen, highlights Meteora's ongoing efforts to enhance Solana's DeFi ecosystem through its advanced liquidity mechanisms. The Token Generation Event (TGE) signifies a major step in the protocol's "next chapter" and is designed to foster community participation in its liquidity infrastructure.

Meteora, which rebranded from Mercurial Finance in 2023, aims to provide efficient and composable liquidity for DeFi applications on the Solana blockchain. The protocol utilizes innovative technologies such as Dynamic Liquidity Market Maker (DLMM) and Dynamic Automated Market Maker (DAMM) to optimize capital efficiency and reduce slippage for traders and liquidity providers. These mechanisms are central to its mission of building dynamic liquidity pools for various token launches and decentralized exchanges.

The MET token launch will feature a unique "Liquidity Distributor NFT" mechanism, allowing eligible users, including Jupiter stakers, to contribute liquidity and earn trading fees. This approach aims to decentralize initial liquidity bootstrapping and provide a sustainable reward system for participants. The initial price of MET is set at $0.50, valuing the fully diluted market capitalization at $500 million, with 100 million MET tokens initially in the pool.

The upcoming TGE follows a period of scrutiny for Meteora, stemming from the "LIBRA fallout" in February 2025. This controversy involved a memecoin promoted by Argentina's President Javier Milei, which experienced a rapid surge and subsequent collapse, leading to allegations of a "rug pull." Meteora's co-founder, Ben Chow, resigned amidst the scandal, acknowledging he had referred Kelsier Ventures, a firm involved with LIBRA, to other projects for token deployment, though he denied any financial misconduct or insider trading by himself or Meteora.

The "The "Lightspeed" discussion further explored "The Future of Solana DeFi," positioning Meteora as a key player in this evolving landscape. The protocol's commitment to community-driven liquidity and its robust technological framework are expected to contribute significantly to Solana's growth. Meteora's team, now under new leadership, emphasizes transparency and an independent investigation into the LIBRA incident to uphold trust within the ecosystem.