Meteora (MET)

the strong cex inflows AND former smart traders exiting are the significant bearish signal imo https://t.co/fL5he8H7pH

The last decent airdrop I had was MET, 5 months ago now.

Anything coming up that we should be farming?

Miss regular airdrops.

Bring them back.

Why is @MeteoraAG so weak right now?

Meteora looks undervalued whether you look at revenues, earnings, market cap, or FDV. Yet, it's one of the worst performers on Solana.

What if the market is punishing $MET because the profits aren't accretive to the token?

(There are no systematic buybacks).

Meteora spends much of its revenue on liquidity incentives to attract LPs, so there isn't much room left over.

I'm still trying to figure out why MET is one of the weakest tokens in the Solana ecosystem.

Here is what I see:

1- Global bear market: It's tough for on-chain protocols as overall activity reduces.

2- Reputational damage: Polymarket recently priced Meteora as a top suspect in potential insider-trading investigations related to celebrity memecoin launches.

Even though Axiom was the one eventually exposed by ZachXBT, this event likely revived Meteora's bad reputation (the chart shows underperformance starting from the ZachXBT announcement on X).

3- Token unlocks: Team unlocks started in 2026, with 2.5M tokens allocated to the team each month (which isn't that much tbh who maybe there is Jupiter PTSD here).

3- Memecoin beta: LPs on Meteora are super active when memecoin activity is high. Since memecoins took a hit in recent months and people aren't super bullish on this narrative going forward, perhaps MET is being viewed as a leveraged memecoin beta play and is thus being ignored rn)

4- No value accrual: There are no systematic buybacks or accretive mechanisms for the token, as explained above.

What are your thoughts?