22h ago
CT is acting like Meteora and $MET died today
Meteora is down 23% since TGE — after giving out millions to thousands of people while having an initial supply of 48%
Tbf no one else has done this before except Pengu (70% at TGE)
Meteora is down 10% since I posted not to sell
Why do I think it’s still good to hold?
> Met Dhabi coming in less than 2 months (announcements likely)
> Utility teased (buyback, revenue sharing, etc.)
> Post-airdrop dynamics (price can pump quickly once airdrop recipients are out... see PENGU)
> Valuation — FDV/MC is simply too low given the daily users, revenue, and fees generated (compared to Orca, Raydium, Pump, etc.)
Again this is no fa! I could definitely be wrong too
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