Meteora Price Crash Recovery & $MET Airdrop Update
Meteora Price Crash shocks investors as Ben Chow scam rumors hit $MET airdrop launch.
The Meteora airdrop was one of the most talked-about events on Solana, but the launch was marred by a price crash that wiped out around 35% of its value.
Can the Solana DEX recover or is it another crypto pump-and-dump?
Meteora is a decentralized exchange (DEX) made for the Solana blockchain, designed to make DeFi trading faster, safer, and more flexible.
- The project gained attention due to its Meteora airdrop listing date and strong tokenomics.
- The token started trading on Jupiter, Moonshot, Phantom, Binance Alpha, and OKX Wallet, and later on Bybit and OKX CEX at 2 PM UTC.
- The asset price opened at $0.6904, but crashed to $0.5783, and then settled near $0.571.
Author's summary: Meteora's price crash sparks concerns about its legitimacy.
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