Meteora [MET] experienced a significant 30% price increase within 24 hours, accompanied by a dramatic 3000% surge in trading volume. This substantial rise in both price and volume suggests strong market interest and potential new capital inflows. Open Interest also climbed sharply, indicating increased market participation and confidence in the asset's short-term prospects. Despite the bullish momentum, MET's Weighted Funding Rates remained above average, signaling potential caution as long positions dominated derivatives activity. This setup suggests that while larger market participants are driving the rally, retail traders are showing hesitation, with only 47% of positions remaining long. The asset continues to trade above its 20-day and 50-day EMAs, maintaining a positive broader trend despite short-term volatility.