MET (Meteora) 24-hour pump 2.55%

Gate News Bot news, on October 30th, according to CoinMarketCap data, as of the time of this report, MET (Meteora) is currently priced at $0.49, with a rise of 2.55% in the last 24 hours, reaching a high of $0.90 and a low of $0.43. The current market capitalization is approximately $234 million, an increase of $5.81 million compared to yesterday.

Meteora is a platform focused on building liquidity pools, providing services for liquidity providers, launchpads, and new projects. Its total locked value reaches 883 million USD, with a cumulative trading volume of 26.943 billion USD, generating 1.52 billion USD in fees. Meteora offers various types of liquidity pools, including DLMM pools and dynamic AMM pools, to support different trading needs.

Important news about MET recently:

1️⃣ Gate launches MET spot trading to enhance liquidity Gate will launch the MET/USDT spot trading pair on October 23, 2025, at 22:00 ( UTC+8. At the same time, the Gate instant exchange platform has added support for MET conversion, allowing users to conduct one-click exchange transactions with over 2,200 other cryptocurrencies without any fees. These measures significantly enhance the liquidity and accessibility of MET, providing support for its price rise.

2️⃣ Meteora points 1:1 exchange for official tokens Meteora announced that points will be exchanged for official tokens at a ratio of 1:1, 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 correspondingly converted into MET token orders, with the total order amount remaining unchanged. This initiative lays the foundation for the official launch of MET, increasing market attention and confidence in MET.

3️⃣ Large-scale airdrops trigger market supply pressure Meteora conducted a large-scale token airdrop, including an airdrop of $10 million worth of MET to an entity, as well as an airdrop of $4.2 million worth of MET to addresses associated with the TRUMP team. These large-scale airdrops may lead to an increase in market supply in the short term, creating some downward pressure on the price of MET, but it seems that the market has already absorbed this impact.

From a technical perspective, the MET price has experienced significant fluctuations in the short term, reaching a high of $0.90 before retreating. Currently, the price is stabilizing and rising, indicating that market confidence in MET is recovering. On the fundamental side, the total locked value and cumulative trading volume of the Meteora platform are performing strong, providing a solid foundation for the long-term development of MET.

This message is not investment advice, and investors should be aware of market volatility risks.