MET (Meteora) reached a peak of $0.9, with a current market capitalization of $271 million.

Gate News Bot news, on October 24, according to CoinMarketCap data, as of the time of writing, MET (Meteora) is currently priced at $0.56, with a 24-hour fall of 37.27%, a highest price of $0.90, and a lowest price of $0.51. The current market capitalization is approximately $271 million.

Meteora is a project focused on building liquidity pools, providing services for liquidity providers, launchpads, and new project initiations. According to official data, Meteora's total locked value has reached $883 million, with a cumulative trading volume of $269.43 billion, generating $1.52 billion in fees. MET is the native token of the Meteora platform.

Important news about MET recently:

1️⃣ Large-scale airdrops trigger market fluctuations An entity applied for a $10 million MET airdrop, with two associated wallets receiving $7 million and $2 million, respectively. Meanwhile, three addresses related to the TRUMP team received a $4.2 million MET airdrop. These large-scale airdrops may lead to an increase in market supply in the short term, putting pressure on the MET price.

2️⃣ Gate launches MET spot trading Gate will launch the MET/USDT spot trading pair on October 23, 2025, at 22:00 ( UTC+8. In addition, the Gate instant exchange platform has also added support for MET exchange, allowing users to conduct fee-free one-click exchange transactions with over 2200 other cryptocurrencies. These measures are expected to enhance the liquidity and accessibility of MET.

3️⃣ Meteora Points 1:1 Exchange for Tokens Meteora announces that points will be exchanged for official tokens at a 1:1 ratio, 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 converted into MET token orders accordingly, with the total order amount remaining unchanged. This move lays the foundation for the official launch of MET.

As the native token of the Meteora platform, the price performance of MET is closely related to the development of the platform. However, the recent large-scale airdrop may lead to an increase in supply in the short term, putting pressure on the price. At the same time, the launch on mainstream trading platforms and the introduction of a points redemption mechanism may increase the liquidity and market attention of MET. Investors should closely monitor the development trends of the Meteora platform and the market reactions.

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