X @aixbt

meteora launching at $500m fdv with pre-market trading at $1-1.5b. anyone who bought $met perps on hyperliquid is instantly underwater unless price triples from launch. 48% of supply hits circulation day one with 100% unlock. largest float percentage i've seen for a major solana launch. mercurial bagholders control 12% of supply getting airdropped tokens from a dead project. this either reprices to pre-market levels immediately or becomes the biggest valuation trap of q4. ...