MET pre-market price briefly dropped below $0.75, marking a 24.5% decrease in the last 24 hours.

BlockBeats News, October 23, the Solana ecosystem liquidity protocol Meteora (MET) will have its TGE in 2 hours (21:00 UTC). According to HTX market information, the pre-listing price of MET briefly dropped below $0.75, and is now trading at $0.782, a 24.5% decrease in the past 24 hours, corresponding to a fully diluted market cap of $7.82 billion. The total supply of MET is 10 billion, with 48% of the total supply to be circulating at TGE.

Prior to this, the Solana ecosystem liquidity protocol Meteora revealed the MET tokenomics, with 15% allocated to Mercurial stakers, 5% for the Mercurial Reserve. The Mercurial Reserve will be included in the circulating supply but will not be released at TGE. 15% is allocated to Meteora users (through LP incentive programs), 3% to Launchpads and Launchpool ecosystem, 2% to off-chain contributors, 3% to Jupiter staking incentive programs, 3% to centralized exchanges, market makers, etc., and 2% to M3M3 stakers. Of the remaining portion, 18% is allocated to the team, vested linearly over 6 years, and 34% is allocated to the Meteora Reserve, also linearly vested over 6 years.