↕ 3 significant moves detected
The journey of this coin since we detected it.
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Discussion
Log in to comment"Solid team" is doing a lot of heavy lifting there, Meteora's token distribution always had me skeptical, with a chunk of supply sitting in wallets that haven't exactly been transparent about vesting. A drop like this on real volume isn't market jitters, it's usually someone with early allocation deciding the exit looks good right now.
hedging on meteora while it's still in price discovery? cringe behavior fr
Price discovery assumes there's something being discovered. Two consecutive red candles on volume like this is just sellers finding exits.
TVL check is fair but for me this is just a failed breakout, no follow-through means I'm not touching it.
Honestly if the pools are quietly bleeding fees too I'm just out. A 6% drop you can maybe stomach but not when the yield side is also going sideways. MET's emission schedule never felt clean to me anyway.
Seen this wallet cluster unload twice in three days now.
Team wallets don't move themselves
Cold wallet doesn't care about this week
yeah met did exactly what it was gonna do, no surprises here
Still more room to fall.
Called it, but honestly not even tempted to trade this thing. Still doesn't feel clean to me.
Meteora's been around for a while building liquidity infrastructure on Solana, seems like a solid team, but a drop like this makes me wonder if something spooked the market.