Meteora Trades at $1 Billion Pre-Market Valuation Ahead of TGE

Meteora, the third-largest decentralized exchange (DEX) on Solana by cumulative volume, is gearing up for its token launch on Thursday, and pre-market perpetual derivatives are pricing the token at a $1 billion fully diluted valuation (FDV).

The MET pre-market on Hyperliquid opened on Oct. 10 at a $1.8 billion valuation, just 12 hours before the altcoin market collapsed. While the valuation held up post-crash, MET has slowly fallen since, and now trades at $1, or a $1 billion FDV.

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