Necessary factors
- Meteora spent $10 million USDC to purchase again MET tokens, gaining 2.3% of the entire provide.
- This technique goals to extend income, management prices, and enhance worth for token holders.
Meteora, a Solana-based decentralized finance protocol, introduced that it spent $10 million USDC on $MET buybacks in This fall 2025. Purchases have been constructed from a single pockets, accumulating 2.3% of the entire provide of the token since launch.
The protocol states that it’ll proceed to conduct voluntary buybacks from the identical pockets addresses going ahead, with a deal with income development, value optimization, and clear reporting.
As a part of a broader effort to tie $MET tokens to product utility, Meteora additionally launched Comet Factors. This new consumable factors system rewards customers for staking $MET and interacting with the platform. Comet Factors will be redeemed for advantages akin to airdrops, presale entry, off-chain rewards shops, and LP teaching companies.
The workforce mentioned the brand new system is designed to evolve with enter from the group and produce additional utility and engagement alternatives to Meteora’s ecosystem.
