In accordance with Odaily, Meteora is set to launch its token MET on October 23. The TGE will not include a pre-sale, instead distributing tokens via airdrops to Mercurial stakeholders, Meteora liquidity providers, JUP stakers, and Launchpad partners. The DEX, launched by Jupiter team in February 2023, previously operated as Mercurial Finance before shutting down due to FTX/Alameda exposure. At launch, 48% of MET will be in circulation, with 10% allocated to liquidity pools starting at $0.50. Meteora's valuation is estimated between $450 million to $1.1 billion based on revenue multiples of Raydium and Orca.
Meteora TGE on October 23: What is MET's Fair Valuation?
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