Meteora Price Crash Recovery & $MET Airdrop Update
The Meteora price crash has shocked investors, with rumors of a Ben Chow scam hitting the $MET airdrop launch. This has raised questions about the legitimacy of the Solana DEX and whether it's another crypto pump-and-dump scheme.
Meteora is a decentralized exchange (DEX) built for the Solana blockchain, designed to make DeFi trading faster, safer, and more flexible. The project gained significant attention due to its Meteora airdrop listing date and strong tokenomics.
The token began trading on various platforms, including Jupiter, Moonshot, Phantom, Binance Alpha, and OKX Wallet, and later on Bybit and OKX CEX. It opened at $0.6904 but crashed to $0.5783, eventually settling near $0.571, wiping out around 35% of its value.
Can the Solana DEX recover or is it another crypto pump-and-dump?
Investors are now questioning the legitimacy of the token. The Meteora airdrop was one of the most talked-about events on Solana, with people excitedly waiting for the new Solana DEX to go live.
Author's summary: Meteora's price crash sparks concerns about its legitimacy.
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- Meteora Price Crash Recovery & $MET Airdrop Update