Meteora is preparing for its token generation event (TGE) on October 23, where 100% of its MET tokens will be unlocked. Nearly 500 million of the 1 billion MET tokens will enter circulation immediately, while the remaining tokens allocated to the team and reserves will vest over six years. This event is anticipated to be a significant test for the Solana meme coin ecosystem.
The crypto community is speculating on three potential price scenarios following the airdrop: a rapid recovery after initial selling pressure, a stable mid-range price phase, or extended stagnation. The outcome could influence future management practices for meme-linked tokens, potentially setting a new standard in the industry.
Meteora Crypto Airdrop Set for October 23 with Full Token Unlock
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