
Jakarta, Pintu News – Meteora (MET) just launched on the Solana network on October 23, 2025, and instantly became one of the most discussed crypto topics. The project was developed by the team behind Mercurial Finance, with big ambitions to revolutionize decentralized liquidity pools (DEX) through dynamic systems and deep integration with platforms like Jupiter and Moonshot.
However, a debut marred by extreme volatility and legal controversy saw MET’s price fall more than 70% just hours after launch. Despite this, many analysts think the project still has long-term potential in the booming Solana ecosystem.
Based on data from CoinMarketCap and Bitget (2025), the MET token opened above US$0.60 (around Rp9,970) before dropping sharply to US$0.46 (Rp7,643) with a market capitalization of US$221 million. Trading volume spiked sharply on the first day, signaling massive selling pressure from airdrop participants.
According to Bitget’s report, about 48% of Meteora’s token supply went into circulation right from the start, a huge amount for the launch of a new project in Solana. Many recipients of the airdrop-including token holder Mercurial and liquidity provider Jupiter-decided to sell their tokens immediately upon receipt, causing a massive sell-off that shook the market.
In addition to the economics of the airdrop, a lawsuit against Meteora co-founder Benjamin Chow exacerbated the situation. He is accused of being involved in a price manipulation scheme of several other tokens such as $M3M3, $LIBRA, and $MELANIA, which are associated with wallets affiliated to the Trump family and Argentine President Javier Milei.
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Despite its controversial launch, technology-wise Meteora (MET) offers a new approach to decentralizing liquidity on the Solana network. Some of the key features quoted from the Meteora (2025) whitepaper include:
In the last 30 days, Meteora recorded revenues of US$8.8 million, making it one of the protocols with the highest DeFi activity in Solana despite the bearish market.
According to market analysis compiled by Bitget Research (2025) and CoinMarketCap, there are three main scenarios regarding MET’s price potential going forward:
For the long term, Bitget’s projections to 2030 estimate the MET price could reach US$1.40 (IDR23,265) with a cumulative ROI of approximately +164%, if Meteora manages to expand the token’s utility and strengthen its strategic partnerships on the Solana network.
Meteora’s case is a reminder that crypto markets are highly sensitive to public trust and project governance. Behind the sharp price fall, many analysts see Meteora’s fundamental value as still strong, especially in terms of DeFi technology and the wider adoption of the Solana network.
However, MET’s long-term prospects largely depend on its team’s ability to restore reputation, resolve legal issues, and rebuild community trust. If successful, Meteora has the potential to be one of the most attractive DeFi altcoins in the next market cycle.
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