Meteora (MET) is a project with a high degree of professionalism and creativity that has become a key player in the Solana ecosystem (a blockchain or cryptocurrency network known for being very fast).
In simple terms, Meteora is a decentralized liquidity protocol (DeFi), meaning it is a digital financial system that aims to make cryptocurrency trading easier and more efficient without the need for intermediaries like a bank.
The relevance of Meteora lies in that it is designed to solve a common problem, liquidity fragmentation (when digital money is dispersed), seeking capital efficiency (making the invested money work in the best way), while minimizing slippage (the difference between the price you expect to pay and the one you actually pay in a transaction).
The project comes from a very structured rebranding (brand change and strategy), which demonstrates its seriousness. Now, looking at the chart, we see that the coin is trading at a price of $0.58831 and has a market capitalization (Market Cap) of about $282.43 million.
However, what stands out is the strong drop of -58.54% observed in the one-hour chart. Why is the price dropping? This strong volatility (sharp price changes) is completely normal and expected in a coin that has just gone through its TGE (Token Generation Event), that is, its official launch to the public. When a new coin is launched and distributed to the first users (often through an airdrop, which is a distribution of free tokens), many of those early recipients immediately sell to secure quick profits.
This initial sell pressure is what causes those dramatic drops in the first days or hours. It is typical market behavior for a launch and not necessarily a reflection of the long-term value or professionalism of the project, which focuses on building a solid infrastructure for Solana.
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