What happened? Meteora is releasing 48% of its token supply publicly today with zero vesting.
Meteora, a major Solana DEX protocol that controls about 26% of DEX market share and $829 million in TVL, is dropping 480 million MET tokens into the market all at once. Pre-market estimates put the fully diluted valuation between $750 million and $1 billion, but analysts warn this supply shock could trigger rapid price moves. The team says a “Liquidity Distributor” will reduce immediate dumping, so the next 24–48 hours will be decisive.
Who does this affect? Traders, liquidity providers, and the wider Solana ecosystem are most exposed.
Short-term holders and traders of MET face heavy sell pressure risk that could cause swift, large price drops—some models predict 50–70% moves in hours. Competing DEXes and liquidity providers may see fee and volume shifts because Meteora currently generates roughly $3.9 million in daily fees and has handled massive cumulative volume. Broader Solana investors and other token projects could feel spillover through sentiment and capital reallocation.
Why does this matter? It could move markets and set a new tokenomics precedent for other projects.
If MET floods the market and prices crash, it could drag down Solana token prices, reduce TVL, and hurt investor confidence in similar launches. Conversely, if the Liquidity Distributor works, Meteora could validate a new distribution model that preserves fees and market share and becomes a template for future launches. Either way, expect heightened volatility, rapid capital flows, and immediate re-pricing that traders, funds, and market makers will need to respond to quickly.